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

To: AllansAlias who wrote (446)	5/10/2008 10:45:46 AM
From: AllansAlias	Respond to of 3209

On the bullish side, there are a number of charts with excellent potential for this summer, or at least nothing bearish in the Elliott count or TA. These include: * Oil complex * Various commodity related * Transportation * WMT and a couple of other retailers * QCOM, if moves up a bit it's a breakout * AA * HON A batch of big-cap charts are close to their ATH. In order for the bear maps to work out, these have to be double tops. (Duh!) For the shorter-term trader, days to a few weeks, it won't matter, as these charts would at least pause at those double-tops. GE is acting funny. You would think it would want to participate to the upside by closing some of that horrible fall the next weeks.

To: AllansAlias who wrote (446)	5/10/2008 6:04:41 PM
From: NOW	Read Replies (1) \| Respond to of 3209

that is a beauty thanks

To: AllansAlias who wrote (446)	5/11/2008 7:27:35 PM
From: skinowski	Read Replies (1) \| Respond to of 3209

Looking at that chart I think if the entire W2 or B would end at your little red "C" - that could be enough. OEX - The Dec-March decline is close to being 162% of the one in Oct-November. That's a common relationship between A and C, and also between 1 and 3 and between 1 and 3+5 (in my experience). Looks like once again markets are dancing to the music by Leonardo Fibonacci.