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

To: Galirayo who wrote (139118)	12/2/2006 10:07:34 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 209892

And there will be cold weather caused by a Canadian low, not to be confused with a Mexican high. Currently it's 70 degrees at the airport, which is stupid because I don't know anybody who lives at the airport.

To: Galirayo who wrote (139118)	1/5/2007 10:58:41 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

You are supposed to know what will happen in Feb - March Ski All I know is that if all goes well maybe by then I'll have a chance to go skiing... -vbg. But seriously, Ray, I don't have a good answer to your question. Maybe Mr. Elliott was smarter than I... or, maybe during that particular period the markets have been tracing out clear waves -- that happens now and then. In October of 2002 I followed my analysis and was buying on the day before the markets made their final low the next morning. That was nice. I think that during bear markets EW may be actually working better - because things tend to be more emotionally charged. At this time of the year seasonality still tends to have a bullish bias -- but seasonality lately has not been very helpful (and the 4 year cycle low - which never occurred - is costing me a nice few bucks in losing puts). I suspect that the overwhelming bullishness out there is a sign of an impending important top.... but big tops (or bottoms) may take a long time to form. The longer term trend is still up... and many charts suggest that it is worth expecting new rally highs. It should be noted that $INDU looks like it may have a completed Ending Diagonal in place, suggesting that it might be "'done" with its advance. In the short term, I formulated my view a couple of days ago... I think all this still holds: Message 23150756