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

To: jjstingray who wrote (2124)	3/25/2009 8:35:19 PM
From: Galirayo	Read Replies (1) \| Respond to of 3209

Ditto .. In C of an ED until Breaking 830 proves otherwise.. I'm sure it would be easy to find the Chart in my Profile. I'd post it but it won't Conform under the thread header. AJ has our b as the 3. Where is your Target in that Count ??

To: jjstingray who wrote (2124)	3/25/2009 11:46:10 PM
From: Perspective	Respond to of 3209

I prefer that read as well. One of the primary pieces of supporting evidence is that the put-call ratio has fallen steadily ever since the November lows. Check out this chart - in particular the 50DSMA of put/call. It has trended down ever since those lows, implying to me that the entire move has been part of the same correction. Note: the chart is a few days old Many, many individual stocks sport lengthy flats off the November lows as well. I find that if an interpretation like this is possible that even if it does prove to be wrong, the scenario that unfolds won't be too terribly far off my original take. So, it may not all be part of 4, but it could end up as a big ending diagonal. Or, all the down could have just been a three-waver A, now punctuated with a B wave. `BC