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: cybersaavy who wrote (139794)	12/31/2006 5:00:56 AM
From: skinowski	Respond to of 209892

STRA monthly... nice chart. Much about these interpretations is subjective, of course... To my eye, your "iii" could be better labeled as "3" - and the "iv" triangle would be "4"... with an extended 5th completing the impulse. The implication would be a deeper (forthcoming) corrective "C" - which may eventually reach into the territory of that W4 triangle - all the way down in the 50's. Your red Wave "b" looks like an ABC on closer examination... with the "c" being a wedge (out of which the stock is very possibly in the process of breaking down) All in all, pretty, as far as such things go. One drawback is that the volumes are low, which makes it a little more expensive to use stops. The alternate, of course, is that the red "a" completed the correction. But that's what stops are for. Again, nice chart, thanks for posting. When those structures are present, even if interpretations may differ some, they are not all that hard to see...