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Rajesh, thanks for your analyse of Nasdaq, but
something hapenned and I couldn't receive the chart
with the observations, please send it to me again.
Regards JCarlos
--- Rajesh <rajesh@xxxxxxxx> escreveu:
> 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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