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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (129039)	2/4/2006 4:26:52 PM
From: skinowski	Respond to of 209892

Wow! That's good stuff... Not sure I'd be able to write something so intelligent while hung over... even in my younger days... g/ng. Small suggestion - keep the the name of the thread the way it is. It sounds fine, and we all know anyway what's "inside"...

To: Shack who wrote (129039)	2/4/2006 5:45:39 PM
From: ajtj99	Read Replies (4) \| Respond to of 209892

Well, I have a count I'd like to propose here: This past week we saw some issues arise on the thread regarding some comments made that this forum was losing its appeal by shifting away from hard E-wave analysis. Notwithstanding the sarcastic way that this concern was approached, there was some agreement with the poster and some vehement opposition. Rather than focus on the manner in which the topic was broached, I would sooner talk about the point which was trying to be made and whether or not it is valid. I'm hungover so I apologize if the text is rambling and disjointed.-g/ng This is definitely the start of some kind of impulsive move down here. I think this move may end up being a corrective move in the end. I think one of the issues in this case may very well lie in the thread's title. It is indeed a misnomer as while e-wave remains a good chunk of what I want this thread to focus on, it is not exclusively an e-wave workspace. I will ask SI Bob to alter the title slightly. Any suggestions? The "Clown-Free" moniker will remain however. This appears to be a 2 of "b". There are hints of some kind of "ii" as well. The thread header however does still provide an accurate description of where I want this thread to go and anyone who is posting here should be familiar with it and respect it! The question then arises, has the thread succeeded in living up to its description and intent? I have been much scarcer than in past years so I have not been able to monitor the content as well as I have liked. But from what I have read in the past few months I think the answer is yes, with some concerns. Definitely the start of a 3 or C down here. In a nutshell here are the key elements of my "vision" for the thread. E-Wave Analysis Classic TA Analysis Sentiment Analysis Accompanying charts to illustrate All these elements can still be found on this thread but certainly the clutter of FA crapola, non-analytical posts and general noise is making it harder to find. This is an ongoing issue and I too wish that this be kept to after-hours, I find wayyyyy too much of this has crept back into the "working hours" of this thread. I do not mind the thread being used for dialogue about things such as fed moves, inflation-deflation debates, earnings/industry analysis, oil prices etc... I enjoy much of this banter as we have some smart folks around here. Save it for after hours. I do not "crack the whip" as much as AA used to, but I promise you I will be making efforts to be more diligent here. This looks like the iii or 3 down may be finishing up. It could be a iii of 3 of C as well. The unrelenting nature of this down could be a hint. The lack of any significant re-trace in the down is also telling us something. However I do not want any of this ancillary stuff being used to predict market moves...at any time! It is not relevant to trading and we have IMO seen huge evidence of this time and time again. If I had told this thread in 2003 that crude oil prices were about to triple over the next couple of years and the SPX would rally to 5 year highs concurrently you all would have thought me nutso! Point made...Charts! Charts! Charts!....that's all that matters for the purposes of this thread. This is kind of strung out and boring. The rambling within a narrow context suggests some kind of triangle. It also occurs to me that there are still only a handful of posters here who are posting charts with analysis. I myself have been negligent in my chart-posting so there is nothing I can say except we need to do better here. And just mentioning some stock that is moving and posting a link to Stockcharts is not sufficient. That is useless to me and everyone. Basically, have a point!....or say nothing. This looks like a more complex correction here. It's zig-zagging all over the place. In the end analysis, it looks kind of flat. Now back to the crux of the poster's specific concerns which is in regards to the lack of "exclusive" E-wave analysis on this thread. That is not what I want this thread to be so this may indeed be the wrong thread for said poster. We have a wide variety of proficiencies on this thread and each poster brings his or her own techniques and contributions. I do not want that to change, it is the strength of the thread. However the focus as mentioned in the thread header is Classic TA and E-wave. Posts should be geared to these two elements and all posters should be proficient in the use of both. Support, resistance, channels, wedges, breakouts, breakdowns, impulses, corrections....these are the topics that almost every post should include. While cupping my handle, I'm now wondering if there is a way to incorporate "3-peaks and a Domed House" with e-wave, as this down is getting kind of scary, and the Domed House would seem to offer some kind of sanctuary. One point which was raised was that the reason for the drop off in wave analysis on the thread is that in the time frames in which we trade there has been very little to say for some time with regards to the broad indices. I think that is true. The bull trend is still in place, effectively now in its 4th year as measured by the $WLSH. Heck, the $NYA continues to make new ATH's! Point being that there has not been much variance from day-to-day except in the smaller time frames. In addition it was brought up that once a long-term set-up is posted on a chart, index or stock, subsequent posts may only refer back to that set-up which has been long posted. I think that is also true. However both of these factors may be leading to some stagnation on the thread, it is here I agree with that poster's implications. As such, and I have to be careful here, I would like to encourage shorter term plays to be posted here. No one-minute charts!!!-ng But a set-up on a 30-min chart would be great, no lower. I think adding this element may re-energize the thread somewhat and lead to more set-ups being posted. Now it appears one of those earlier waves is extending. I know in e-wave things can sub-divide, but I am now wondering if it can continue to infinity plus one. Gotta look at that Precter book someday. An element which has been weeded out almost entirely are those dogmatic permabull/permabear posts (where is Fuddle anyways?-g). It doesn't mean that there aren't biases. Trust me, I am more than aware of who is inherently bearish or bullish here. But overall I don't see these biases creeping into anyone's analysis. Kudos!....This is the very definition of "Clown-Free". The reason this thread has been so successful is that I simply won't allow any disrespectful posters. Trust me, I have read a gazillion boards and when that chit creeps in it becomes a nightmare for all! We all get along here even if we have some "professional differences" . While the post which started this debate falls into the disrespectful category IMO (and I addressed this with him), I know for a fact that this individual was not trying to be offensive nor would I classify him as a disrespectful poster in general. But the post was very out of character for this thread which is why it raised so much contention. I encourage all on this board to let the matter rest, I consider him a valuable poster and there is no need to bear a grudge. At this point, I really don't know the count anymore. However, it sure must be some kind of cycle low. I hope it's one of those 72-year cycles and not one of the shorter ones. I can also make a very good case for throw-over action here Lastly, all these "rules" should not preclude some regular social banter, even during market hours. Not every single post needs to be about the market. No way I'm going to go without the wit that has kept the thread entertaining. Keep it fun, keep it light. We are here to make coin but also help to mitigate the boredom which comes from sitting in one's underwear, eating Pringles and watching a 30-minute candle take shape!-vbg It seems here some kind of weak up is starting. Frankly this entire down looks and definitely feels terminal to me. Shack Here I see evidence of a hound.

To: Shack who wrote (129039)	2/4/2006 5:55:13 PM
From: ajtj99	Read Replies (1) \| Respond to of 209892

Playboy always seems to work best in 15-minute increments. Here we see a high volume discharge and then a low. After some flacid movement, price is firming and appears ready to attempt a thrust inside a recent gap: stockcharts.com[e,a]gaclyiay[pc9!c13!c20!d20,2!c50!c200!b50!b200!f][vc60][iLa12,26,9!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1!Lh89,34!Lh45,17!Li180,68!Lp3,2,2!Lb5!Lp13,8,3!Lp5,3,3]&pref=G

To: Shack who wrote (129039)	2/4/2006 6:43:12 PM
From: bcrafty	Read Replies (2) \| Respond to of 209892

Shack, that's a fine State of the Thread post I'm glad that you cleared up a few things, as the thread is not meant to express opinions on E-wave exclusively, but also discussions on classical TA as well. And I think that the posts on this thread have largely and historically ben very respectful of others opinions, and that is what has distinguished us from other threads and is a reason that I was drawn to this thread and have remained here. And while everyone is very serious here about making money with their TA, there's no question that we have fun here with our posting, and that helps keep the thread an enjoyable one. I've always believed that one should post a chart with his post to make his point clear. But many do not have the capability to post marked-up charts that show their perceived wave scenarios and chart patterns. For those that do not have that capability I think it is imperative that one descibes what he is seeing in his chart by using specific reference points (e.g. "the C down that began at the top in July at 50.75" or "the descending triangle that it has been in marked by the August 60 top and the October 40 and November 39 lows." Although you mention that you "have to be careful here" I fear (but certainly hope not) that you might be opening a pandora's box with your encouragement to post shorter term plays, presumably with intraday charts. While I have always thought that shorter term plays belong on the wiggle thread and not here, I understand your reasoning for such as you feel it might re-energize the thread. Personally, I think the thread already shows a great deal of energy (and always has), particularly when compared to other threads, and having more discussion of intraday charts will not necessarily raise the overall quality of the board's posts. But I know that the posting of shorter term setups on intraday timeframes will probably interest those on the board who I have always suspected are primarily very short term traders (who only hold their positions a few days or a week or two). In this vein I would respectfully ask those who do so to please also include on their chart a reference to the larger time frame that their chart is part of, and more importantly, specifically state their exit strategy (e.g. "I'm out if the lower trendline falls, currently at 26.") Now then, I'd like to add something about what I have seen as long as I have been on this board, and it has to do with writing composition and with trading styles. I hope that nobody takes affront at this, but the purpose of what about to say has one primary purpose: I feel that everyone should try to be very clear about what he says, and keep their reader in mind when composing his thoughts for his post. For example, I know that there are some on the board whose trading style is to look for a potential turning point on a chart and then get in at the beginning of that newly developing trend. But then there are others here that would never do that, and instead they look for well established trends to get in on and then ride that trend until it ends or at least try to get a "middle bite" of it. While almost everybody knows this difference in style, perhaps one could make it clearer to the reader exactly how and why he would play the chart he posts, and what his exit strategy would be if things don't go the way he plans. I feel that sometimes I read a post where the writer just assumes that others trade just like he does, and thus he provides little elaboration on his chart, and his thoughts end up being lost on those who trade and see things differently. And one of the best ways to help the reader see do this is to post a target and an exit for the trade in the post accompanying the chart. There's a line in the U.S Declaration of Independence that says "we hold these truths to be self-evident." While that's a fine thought for the document that it's in, I don't think think that we, as responsible message board writers, should allow ourselves to be lulled into thinking that others can clearly understand what we're saying without elucidating details and our reasons therefore. Basically, the long and short of what I'm saying in these last two paragraphs is I would like boardmembers to make an effort to flesh out their posts a bit more, and I hope to do the same.