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

To: Berk who wrote (874)	6/10/2008 10:36:41 AM
From: AllansAlias	Read Replies (1) \| Respond to of 3209

Dick, I have no idea. I was not trying to show a target there. We may not even develop a strong push as shown there. The idea was to highlight two things: 1) That we would expect to see any bounce to be corrective, with overlapping price action. If we do get such a structure, I will add to the short. 2) That the trendline should not be overtaken to the upside, now that it has been given up. These wiggles are all about reinforcing the wider timeframe maps, as opposed to say, wiggle targets or guessing at precise corrective shapes. Cheers

To: Berk who wrote (874)	6/10/2008 9:14:49 PM
From: AllansAlias	Read Replies (1) \| Respond to of 3209

Did not miss anything being away most of today. The structure built out of yesterday's low is overlapping/corrective-looking in the wiggles. As long as QQQQ does not go above, say, $49.50, then this would just be a teeny correction before another down leg. For the bear map I am trading since late May to be correct, we need to see some strong down by Thursday and then thru to at least mid-week next week, as that map has us in the meat of the move (see many prior posts). If that does not happen, then it is a warning the map is wrong and price will eventually take me out. Trading is not easy. For a couple of weeks now, I always find a set of pretty bullish looking charts when I am reviewing things. Perhaps I spend too much time looking for how I can get whacked. Anyway, right now I see a bunch of semis and transports that just look like they want to pop to another high, vis a vis last couple of week. Fascinating. .