Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Z-M-L who wrote (65528)	8/9/2011 9:55:58 AM
From: Turtles_win	Read Replies (1) \| Respond to of 207463

Z-M-L: thanks for a very reasoned response. Unfortunately I have a lot of gambler in me. However, I am really digesting your advice. Hmmmm.... Impatience is not the best attribute in this game. Well, perhaps I will re-enter today but exit upon a reasonable bounce, then await the stable bottom, then re-enter for the longer term.

To: Z-M-L who wrote (65528)	8/18/2011 3:15:42 PM
From: Z-M-L	Read Replies (1) \| Respond to of 207463

<Bottoms first have a price low with a coincident momentum low, then a sizable bounce, followed by a lower price on higher momentum. That's the low to buy.> August 9th low was the Momentum low with high volume. We are now working on the retest-or-lower low which currently has higher momentum with lower volume. Unfortunately there a number of targets for this higher momentum/lower volume low. The wave structure since the 1208 high has nice symmetry and allows for a truncated Wave-v around 1112. Then of course the retest of the 1101 low, followed by a low at 1088 which is the 78.6% retrace. Might go to the SPX 78.6% retrace while the DJIA hits its 75% retrace at 10429. Going to be a very interesting couple of days. Z-M-L