|
PureBytes Links
Trading Reference Links
|
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
> > > >
> > > >
> > >
> >
> >
|