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Chewing each and every word humbly, slowly. Will tell my mentor to do the same. Like
a cow chews the cud.
Amen.
Rajesh
BTW : Just the subject was inserted by me.
"Mark Fobius Appears he was never invested in IT stocks. So basically he missed the
whole bull run. "
Probably wants to get in now at lower levels.
scheier wrote:
> I presume those rather cryptic remarks regarding Waxdaq were all in
> some humor: "According to the RSI, the WAXdaq level to expect a
> Turnaround....to take place = its former breakout 2923."
>
> What in the world does RSI have to do with predicting a future
> target? Would like to hear you expound on this technique if there's
> really anything to it.
>
> And why is Abbey Cohen eating her words? From a street analyst, her
> remarks of raising cash are as close to an outright sell signal as
> you ever get from Wall St types. Is seems anybody still long
> mutual funds are eating her words. She's basking in the light of "I
> told you so". You can be sure their best clients already heard that
> advice well before it hit the street.
>
> Scheier
>
> "A.J. Maas" wrote:
> >
> > The now being polished of NASdaq..............{falling angel}
> > (North America Shakeout downdive and quick).
> >
> > Regards,
> > Ton Maas
> > ms-irb@xxxxxxxxxxxxxxxx
> > Dismiss the ".nospam" bit (including the dot) when replying.
> > Homepage http://home.planet.nl/~anthmaas
> >
> > ----- Original Message -----
> > From: "Lionel Issen" <lissen@xxxxxxxxx>
> > To: <metastock@xxxxxxxxxxxxx>
> > Sent: vrijdag 14 april 2000 0:01
> > Subject: Re: Eat thy words : Mark Mobius & Abbey Cohen
> >
> > > I am missing something. What is WAXdaq?
> > > Lionel Issen
> > > lissen@xxxxxxxxx
> > > ----- Original Message -----
> > > From: A.J. Maas <anthmaas@xxxxxxxxx>
> > > To: <metastock@xxxxxxxxxxxxx>
> > > Sent: Thursday, April 13, 2000 12:19 AM
> > > Subject: Re: Eat thy words : Mark Mobius & Abbey Cohen
> > >
> > >
> > > > Since the WAXdaq lost its shine.......................
> > > >
> > > > According to the RSI, the WAXdaq level to expect a Turnaround(=major
> > > support)
> > > > to take place = its former breakout 2923.
> > > >
> > > > Your counts are always welcomed, tho.
> > > >
> > > > Regards,
> > > > Ton Maas
> > > > ms-irb@xxxxxxxxxxxxxxxx
> > > > Dismiss the ".nospam" bit (including the dot) when replying.
> > > > Homepage http://home.planet.nl/~anthmaas
> > > >
> > > >
> > > >
> > > >
> > > > ----- Original Message -----
> > > > From: "Rajesh" <rajesh@xxxxxxxx>
> > > > To: <metastock@xxxxxxxxxxxxx>
> > > > Sent: vrijdag 31 maart 2000 17:45
> > > > Subject: Eat thy words : Mark Mobius & Abbey Cohen
> > > >
> > > >
> > > > > Re : Nasdaq
> > > > > I'm willing to take them (Mark Mobius & Abbey Cohen) head on. I don't
> > > > > at all think that the Nasdaq is going to crash. If you see the chart,
> > > > > you
> > > > > can clearly see that this is a devastating c-wave of an
> > > > > a-b-c correction. Mark & Abbey have done the perfect tango with Elliot
> > > > > in
> > > > > reading the unfolding of the c-wave in advance.
> > > > > Looking at the chart you can see
> > > > > 1. the a-wave from the market top
> > > > > 2. the b-wave (in clear 3-waves) going to make a possible double top
> > > > > 3. the c-wave downwards which has unfolded
> > > > >
> > > > > This c-wave will be in 5-impulsive waves downward but the daily chart
> > > > > shows no breaking-up of the c-wave, hence it is a monowave and in
> > > > > order to see the internal structure of this c-wave you will have to look
> > > > >
> > > > > at
> > > > > the hourly charts.
> > > > >
> > > > > Coming back to the Nasdaq chart
> > > > > 1. You will notice the a-b-c formation made by the market during
> > > > > January/February 2000 after a sustained rise from mid-October 1999. In
> > > > > this
> > > > > a-b-c flat formation, the b-wave crossed the market top and the c-wave
> > > > > failed to go below the bottom of wave-a. Hence, the formation was an
> > > > > irregular failure. This was the first sign of strength in the market.
> > > > > The
> > > > > subsequent rise to the market high of
> > > > > 5000+ fell far short of the expected rise that should follow an
> > > > > irregular
> > > > > failure pattern. The only conclusion one can draw is that the rise was
> > > > > corrective in nature, qualifying it as either a larger degree B-wave or
> > > > > an
> > > > > X-wave.
> > > > > 2. In all probability it was an X-wave leading me to believe that the
> > > > > a-b-c formation (we are in the c-wave of this formation) after the
> > > > > market
> > > > > high of 5000+ is only part of a corrective combination which
> > > > > by itself is suggesting tremendous strength in the market.
> > > > >
> > > > > In my opinion, the market may not even fall into the price zone of
> > > > > the first a-b-c which is approx 4250. Even if this level is broken,
> > > > > the market will never go below the c-wave of the first a-b-c which is
> > > > > approx 3750.
> > > > >
> > > > > If these readings of mine are correct, then when the fall is over, the
> > > > > Nasdaq composite would commence it's most phenomenol bull run in
> > > > > it's history.
> > > > >
> > > > > Ciao
> > > > >
> > > > >
> > > >
> > >
> > >
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