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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (390)	5/4/2008 4:28:29 PM
From: jjstingray	Read Replies (1) \| Respond to of 3209

Have you seen GS. Did exactly what we thought it would do. Of course I did not play it which is why it has done what it has. stockcharts.com

To: AllansAlias who wrote (390)	5/5/2008 8:27:33 PM
From: skinowski	Read Replies (1) \| Respond to of 3209

From a TA point of view many stocks and indices do sport advances which appear to be contained by converging trendlines. A good many of them may fit the description of an "Ascending Wedge with Bearish Implications". But trying to find among them clean Elliott structures has been frustrating. I'm kind of getting ready to say "thank you" - and step aside with active trading positions until... I see an edge - in either direction. Also, we are at a point when annual bullish seasonality is about to run out of steam. As the saying goes, sell in May and go away" (or think of shorting, as the case may be... -g).

To: AllansAlias who wrote (390)	5/12/2008 12:04:21 PM
From: AllansAlias	Respond to of 3209

May 4: BTW, I read with interest the talk about bearish rising wedges out of the March lows on the index charts. Imo, with the exception of perhaps the mid-caps, I do not see viable wedges. $XMI is doing what it should so far -- heading towards resolving the bullish flag to the upside. With some follow through, we'd have a swing low from Friday's low, which would then, and only then, make for some valid wedges on many of the index-level charts imo. (If I had to guess what could help propel a small $XMI pop, I'd say $XMI gets its jam from GE pop, which seems overdue, and a countertrend push (not to new swing highs) in financials.) If we do get our new highs, vis a vis last week, I will cash-in the long -- no need to ask. I'll likely turn it over into a short.