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Not as much time as you would think, many of them are built over time . . so
just notes added from time to time. I hope it helps someone, this is what I
am watching anyway. It is a good way to look at a charts and not have to
start from scratch each time and also a good way to learn from my own
mistakes (like missing the ellipse on the daily S&P.
Not sure I know more than you though :-), and if what you do works, maybe
better to just hit delete and ignore all this EW Fibo stuff he-he.
don ewers
----- Original Message -----
From: "Brian Keith Voiles" <admagic@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, March 17, 2001 11:28 AM
Subject: Re: [RT] Beam me Up Scotty (Nasdaq)
> My goodness Don... I'm sitting here looking at all your work -- thinking
> how much time and energy you must have put into this and I begin to
> wonder how a neophyte like me could ever understand things like you
> do! Yeah... I'm doing okay in the market -- it's a living and getting
> better -- but my understanding of things isn't even close to what it
> appears yours is!
>
> My applause to you for sharing your hard work and generosity.
> Perhaps someday I may be able to contribute!
> Warmly,
> Brian Keith Voiles
>
>
> At 07:48 AM 3/17/2001, you wrote:
> >Update:
> >
> >NASDAQ low on 3-16-01 was 1877.6 with a close 1890.9.
> >
> >Attached are updated daily charts with a blowup of the current price
action
> >and the support MOB. Also a weekly chart.
> >
> >The NASDAQ may be at a "moment of truth" since we are in the earlier
> >projected time window on the daily chart of 3/7 to 3/30 and at the lows
> >today we were right in the middle of the MOB (Make-or-Break) levels of
1905
> >to 1833 which should provide some support? I would think we would need
some
> >"good news" for a change if these support levels are going to hold (there
is
> >allot of 1200 talk out there if 1800 does not hold?).
> >
> >If you look at the weekly chart, it shows we are in a Wave 3 down which
is
> >"starting" to go "impulsive" having past the 1.0 swing level there. If
the
> >pattern continues to work and there is a Wave 4 rally up, it will be
> >eventually be followed by another Wave 5 move down normally (another
> >September -October tumble?). The form and shape of the Wave 4 rally (if
it
> >happens) however will give clues as to whether a Wave 5 down will ever
> >materialize (if not this whole down move will be labeled a large ABC
> >correction). If we do in fact get a Wave 4 rally over the coming months,
> >the possible fibonacci retracement targets are shown on that weekly chart
to
> >the right, based on Fridays low. I am also using the ellipse retracement
> >tool (measure the prior swings for a retracement target) which as you can
> >see caught the Wave 2 high quite well. If this wave 4 up move does occur
> >the new ellipse and its "shadow" will merge into one circle, which in
time
> >may show potentially where exactly Wave 4 may end, should it materialize.
> >
> >Is this a buying point . . . hard to say and it depends on your
investment
> >time window obviously, but the fear is getting pretty thick out there
this
> >past week and now add to that the "Japan worries". Everyone, I mean
everyone
> >is looking (and waiting?) for that "final capitulation move down" move it
> >seems. I am beginning to wonder if that will occur in the NASDAQ at this
> >point. A number of the bell-weather big cap NASDAQ stocks did not make
new
> >lows on Friday which may be a hopeful sign. These stocks have 5 wave
> >completed patterns and they are into their own MOB supports. Could some
> >rotation out of the DOW stocks (now over valued in the flight to quality
> >move) be occurring to where "new" value might be found, believe it or not
> >into the "right" NASDAQ stocks (still some real overvalued stuff there
too,
> >so stick with quality)? Don't expect the "analysts to tell you" as was so
> >appropriately posted in the article a week or so. Someone is buying this
> >stuff, for every seller there is a buyer as I recall.
> >Good luck and good investing,
> >don ewers
> >
> >
> >
> >
> >To unsubscribe from this group, send an email to:
> >realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> >Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> >
> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
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>
>
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