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: AllansAlias who wrote (147869)	8/12/2007 10:40:05 PM
From: Shack	Read Replies (1) \| Respond to of 209892

"Begin on the right side" for me is about being right in a timeframe of a few years. I think one can hope to time things that well. Agreed, its a lot easier knowing and using that macro-trend. But I don't think it precludes one from making coin in a counter-trend C wave for instance. For me being on the right side is in the context of a much shorter time frame, such is the nature of playing predominantly options. And I agree that the NYA, the DJ COMP, and the $INDU have obviously not been in B waves. What does that mean to my trading? Doesn't impact a thing as I am not looking beyond Sept opex. But that's just me. Can I expect the macro-count debate to be tabled again now that you're back?-vbg Its an academic argument for me due to the nature of my trading, but one I do enjoy. BTW, the stinky semis have never looked good off this 2002 low. And how about Softie? Yuck!

To: AllansAlias who wrote (147869)	8/12/2007 10:54:58 PM
From: skinowski	Respond to of 209892

Yes, AA, sir, that's the big money question. $NYA just keeps rollin' along. Otoh, there is no problem seeing the bull market of the past few years on NDX/COMP as being corrective. SPX... I think it could qualify as a "B". But what do you thing about $INDU? Since early 2004 until the summer of last year this index was not doing very much, which made the advance since 2002 look as if it is broken into three sections. Could be a "B" of a large Expanded Flat, I suppose... which would be bearish for now, but bullish in the long run.