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

To: patron_anejo_por_favor who wrote (2286)	8/19/2010 7:27:45 PM
From: yard_man	Read Replies (1) \| Respond to of 3209

one pill makes you bigger, one pill makes you small ... go ask Elliot <g> Da oracle from GA says: ding, ding, ding ... we have a winner. Can't wait to see what he says ... sorry for the interruption.

To: patron_anejo_por_favor who wrote (2286)	8/20/2010 9:35:01 AM
From: AllansAlias	3 Recommendations Read Replies (3) \| Respond to of 3209

It ain't broke to the downside yet bro. Just work off the August top as an impulsive down wave to see what I am referring to... Basis SPX: Take a look at all the sideways/up action since the low in late June (not July!). Yes, there was a lower low in July, but that I read as a 'b' low. So, again, start from the low in June... From that low we can read: 'a' up into July high 'b' low into July low (yes, a minor new low this was) 'c' top into August high Now, what have we been doing since that August top is read as the start of impulsive down. Be ready: If we breach that August top to the upside, this negates all and is Hound-ish imho. That is to be bought. And, for the record, if this breaks to the upside, then I was wrong -- just wrong. :) You know AA's rule #2 though :) right? ... "Being wrong happens to me all the time. ... It's being stubborn that's expensive."