Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: venividivici who wrote (131561)	4/2/2006 4:05:36 PM
From: Henry J Costanzo	Respond to of 209892

Hi, Julius (hope you won't mind..gg) Gotta run again, so will look at again......hopefully later today..... From the arithmetic, I assume that you're taking the past October low as the start of the 5 ........right??? Personally, not sure I'd put the 5 that high.....Starting from the Aug '04 low, 5=1 points to 1893 (not far from my TA target 1880)..........Starting from Apr '05 gets me to 2026. Assume when you say your wave count "would not preclude going below the Mar 10th low"....that also based on your taking last Oct as start of of 5 ...up from the 2002 low...?? Here's my Feb TA take pointing to 1880. home.twcny.rr.com

To: venividivici who wrote (131561)	4/2/2006 4:15:47 PM
From: Henry J Costanzo	Respond to of 209892

PS...Sorry....Meant to also enclose FYI this old QQQQ chart of mine... See you later... home.twcny.rr.com

To: venividivici who wrote (131561)	4/2/2006 10:02:06 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

Reviewing your post, VVV...I'm inclined to put the beginning of wave 5 up from the 2002 low at the August 2004 lows of the SPX, COMPX, NDX, and QQQQ...and at the October 2004 low of the INDU. Assuming, as you suggest, that wave 5 would equal the wave 1 up (October-December 2002), wave 5 would see percentage increases, and reach levels, as follows: INDU..........25.646%....................up to.....12,621.09........(TA 11,611) SPX............24.154%....................................1,316.93..........(1.347.96) COMPX......25.495%....................................2,197.19...........(2.433.63) NDX..........45.323%....................................1,892.00............(1,880) QQQQ.......45.698%........................................47.13.............(45.98) I show on the right, above, the targets I had previously projected based on my TA voodoo.....which were lower for INDU, NDX, and QQQQ......and higher for SPX and COMPX...(which, in these last 2 cases would indicate what is not unusual..5 greater than 1). Should note foregoing would involve very different count from what I have heretofore proposed in my ED scenario for the SPX...(Not entirely clear, and want to think on it, but will probably have to abandon my ED scenario.....which would not necessarily mean abandonment of a major top scenario for later in 2006 or in 2007)..... Will be posting some charts on the above....maybe manana.....