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

To: rcksinc who wrote (676)	5/23/2008 5:34:44 PM
From: AllansAlias	Respond to of 3209

Yup, looking to hook-in to short on the next good rise, which, following the long-term map, sees us then going down to a test of the March lows. Let's see what the up looks like. Should easily get to 1400 SPX is today was the end of wiggle 'i' down. What do we want to see in this 'ii' up next week? What is the flavour of a 2nd wave up? A 2nd wave up should feel kinda strong. It should reassure the bulls and scare the bears. Some issues should hit new highs, say, good looking ones like AAPL and CAT. We should notice a strong return of complacency -- maybe not to the collapsed levels we say last week -- but out of place for only a retracement. Also, breadth should suck. Finally, decent resistance in issues/indices that are broken, should not get taken out (save for intraday). This latter point is key: in a chart that is broken, that is headed down, upside resistance is supposed to work. If it does not, it is a strong warning to those entering short. We'll watch for these things as we assess the shape of the up, but right now, I am looking to enter late next week -- it should take that long to build a decent correction.