|
PureBytes Links
Trading Reference Links
|
Timeframe - ????
Possibilities:
1. I could be incorrect (wrong)
2. The timeframes on the Nazdaq have been very accelerated, beginning in Oct
'98. If this head and shoulders does not fail, the timeframe will also be
accelerated. Actual Fib retracement next that I see is 2840, and when/if
that should be broken there is support at 1521 and 1383, both of which are
100% retracements. I am not being DOOM AND GLOOM, just what I see. I have
been wrong enough times in my life to fill the Grand Canyon at least once,
but also right enough times to fill it twice (at least! ha!!!) :)))
3. Scenario is partially correct, but the magnitude is off.
4. Head and shoulders is there but pattern will fail and will Nazdaq will
soon rise above 3730 level and Mr. Brian will have egg on face!!!
At any rate, I would not be looking to go long unless I really loved the
company and wanted to be withy it for the long haul.
Going short can be fun!!!
Surf's up, I'll ride the wave tomorrow, especially if it, Naz futures, open
up and then turn south around 10:15 EST.
Beach Bum Brian
The Lord will love me if I'm right or wrong. Nice to have a friend in high
places!!!
> Care to put a time-frame on that ?
> You talking within 3 weeks, 3 months, 3 years ?
>
> Man, if it hits that, there'll be tons of people splattered on the street.
>
> > -----Original Message-----
> > From: Brian/Louise Garnant [mailto:babakid@xxxxxxxxxxx]
> > Sent: Wednesday, May 24, 2000 9:05 PM
> > To: prosys@xxxxxxxxxxxxxxxx
> > Subject: Re: ANOTHER QUESTION
> >
> >
> > Actually, the support at 2800 is a Fibonacci retracement level. I think
it
> > may go down to 1350 level
> > ----- Original Message -----
> > From: M. Simms <prosys@xxxxxxxxxxxxxxxx>
> > To: Brian/Louise Garnant <babakid@xxxxxxxxxxx>
> > Sent: Wednesday, May 24, 2000 9:52 AM
> > Subject: RE: ANOTHER QUESTION
> >
> >
> > > One pattern you missed: classic pennant formation - lower highs,
higher
> > lows
> > > formed over the past 3 weeks.
> > > Everything was coming to a "head".
> > > This always portends a major break-out....and it looks as though we
"got
> > > it".
> > >
> > > COMP 2800 sounds reasonable.....but actually there is no history of
> > support
> > > till 2500.
> > >
> > > > -----Original Message-----
> > > > From: Brian/Louise Garnant [mailto:babakid@xxxxxxxxxxx]
> > > > Sent: Tuesday, May 23, 2000 8:47 PM
> > > > To: [ tradergirl ]; omega-list@xxxxxxxxxx
> > > > Subject: ANOTHER QUESTION
> > > >
> > > >
> > > > That sure looks like a head and shoulders that formed and
> > went below the
> > > > neckline today on the Nazdaq, or is my imagination doing
> > > > doubletime? Or has
> > > > this been posted and I am a little short on the uptake?
> > > >
> > > > If it is a head and shoulders it is not a very good sign at this
> > juncture.
> > > > The double top at the top spanning the second week through the
fourth
> > week
> > > > of March was bad enough, but here and now? My next Fib
> > > > retracements go to a
> > > > 2800 even on the futures. Very good support here. Head and shoulders
> > would
> > > > forbode much worse. Classic would be a further sell off, then a
> > > > rise back up
> > > > to the trendline, then, oh my, the shorts would be very happy again.
> > > >
> > > > Hope I am seeing things!!! If not, I'll ride that down!
> > > >
> > > > Would like a reality check from someone.
> > > >
> > > > Thanks.
> > > >
> > > > BrianG
> > > >
> > > >
> > > >
> > >
> > >
> >
>
>
|