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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (9641)	7/10/2008 3:37:32 PM
From: Hawkmoon	Respond to of 33421

Looks like a Cup & Handle to me.. Hawk

To: nspolar who wrote (9641)	7/10/2008 4:08:10 PM
From: nspolar	Respond to of 33421

" I also like the NDX. Something in my opinion is going on there." I do like the NDX chart. I do not think it particularly bearish. I also like this chart, very very much. Have showed it previous. It is clear, imo concise and from this point easy to follow. It will follow the NDX and will break up or down, one way or the other. From the bullish side I would like to see it meander into the APEX. If it goes that way an ultimate [1] wave top in Ebay would occur within the same timeframe as the top shown on the DOW chart (previous TF post). There would be two up waves to do here per this, one a 3rd and one a 5th. An interesting point here with Ebay, from the bullish side, is that the Big 2 correction ends up about where it started, if that is the end. TF tends to believe that in a strong uptrend a lot of corrections tend to go this way, and additionally the 2 is usually by far the longest (w/r to time required to complete). Hang to your socks boys and girls. We are getting close real crunch time. img93.imageshack.us P.S. It was getting too bearish around here, and everywhere else for that matter. Time to go hit a lick or two, enough messing about. Imho. TF

To: nspolar who wrote (9641)	7/10/2008 11:30:16 PM
From: nspolar	Read Replies (2) \| Respond to of 33421

I think Dr. Phil Gramm reads this board, and recommended my post. You've heard of mental depression; this is a mental recession," he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. "We may have a recession; we haven't had one yet." "We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said." Are we a board of whiners and wussy's? Always think the end of the world as we know it is coming to an end? America gonna die? What the F is going down here? A DOW 5th wave ED of the sort proposed (you read it first here) is just the sort of structure and process that fits the situation we have. Euphoria, depression, euphoria, depression, euphoria .... the end. Like a glove (not OJ's glove though). Personally I think Dr. Gramm has a point .... never had it better in my life than now .... except for my aching back. Age I guess. Plus I wish the salmon fishing had been better this year. Oh well. huffingtonpost.com