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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Vitas who wrote (28729)	9/28/1998 9:06:00 PM
From: Bull RidaH	Respond to of 94695

Vitas, >> you referred to November '29, and September '66 and rallies that followed from extremely oversold conditions. Are e-waves structures now still following these previous examples? >> Yes, especially if the low on 9/11 corresponds with the lows made in the months mentioned above. If we're following the '29 track more closely, we retrace 50% from low to high, then resume a larger but slow & grinding selloff. If we're following the '66 track, we could very well see new highs in the coming months before seeing lows next year that would correspond to the '73-74 drop. I have to remain noncommittal for now, or risk losing my reproductive capabilities.. ;o). Regards, David P.S. What's your take on the next couple weeks into option expiration?