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

To: AllansAlias who wrote (1427)	7/21/2008 12:46:10 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 3209

(edit) Per EW, there could also be a failed 5 as well, correct? When can you determine it's a failed 5? It appears that we're starting to see some demand destruction in oil. If oil can't rally going into Wed inventory report and we get another surprise build then the market could build on this rally. I'm mostly flat here since we're in a gray area. There will be enough volatility going forward that the key is patience. Wait for a trade to develop and take profits often when unsure. Hell of a chart if the markets do make new lows. I'll be reading my EW book nightly. :)

To: AllansAlias who wrote (1427)	7/21/2008 1:35:38 PM
From: morokko65	Respond to of 3209

That v wave in the general indices would correspond to the HUI dropping out of its recent jello, right? (or perhaps triggering a hound, depending on what type of "event" occurs...) Lat 2 IT declines on the NDX hit lower weekly BB and got to approx 30 on weekly RSI: stockcharts.com my IT target window for the NDX is approximately 1575-1650 area

To: AllansAlias who wrote (1427)	7/21/2008 2:29:54 PM
From: NOW	Read Replies (1) \| Respond to of 3209

the bounce in the financial s must have cleared all but the most stalwart shorts. look at BAC or BLK...amazing