SI
SI
discoversearch

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: skinowski who wrote (137507)10/16/2006 4:17:45 PM
From: Henry J Costanzo  Respond to of 209892
 
SPX...very interesting day..

Today's high 1370.20 did NOT take out 1370.35....and thus did NOT invalidate my (MM.<vbg>) count.

Seems to me that we have completed an ED (v) up...which began Friday.....Presumed lower ED line...at around 1369..touched at the close...I would have us now descending into a wave iv down, towards 1353-1344 (area of preceding fourth of lesser degree)...prior to the final v push up towards my 1397 current target...



To: skinowski who wrote (137507)10/16/2006 4:39:19 PM
From: Moominoid  Read Replies (2) | Respond to of 209892
 
The overbought signs on my two models are getting more and more extreme.... but I remember Keynes dictum and so step aside for the moment until the break becomes apparent. Model 2 (stochastic model) is long. Model 1 (autoregressive model) is pretty extremely overbought.