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 : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (23349)	5/17/1999 11:14:00 AM
From: Bull RidaH	Read Replies (2) \| Respond to of 44573

GZ, If it follows the timeliness of the 4/97 decline, it will be at the target in 13 more trading days. The 4/97 decline happened to take an above average amount of time to reach its target for this pattern as well, so it could happen sooner. For one that made it there much quicker relative to the amount of time the topping formation took, examine 5/13/96 - 8/25/96. Once the local low of 659 was taken out on that one, a near straightline crash ensued to the 605 target of the pattern. That could happen here, which is why i'll have to stay 100% short until the target is met, bounces along the way or not. Today was a very special day wasn't it. The massive 9/1/98-10/8/98 fork you pointed out nearly 7 months ago was finally broken to the downside when 1332SPX gave way. All good things come to an end... heh? <g> Should I take out my bugle for an emotional rendition of "Taps"? <ggg> David