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You often mentioned Lindsay counts. Do you have some references that I may peruse?
The name, with your bringing it to this board, is new to me. If you have described it, my apologies to everyone as I missed it.
Dan
Dorothy Carter wrote:
> I have Lindsay counts that would indicate that Friday Oct 26 day 107 could
> be a peak of potential H & S formation... this Lindsay count times up no
> later than Nov 1 & suggests that market could start a freefall.... another
> short term peak comes in Nov 14th... I don't see Sept low as low of
> significance and will be surprised it it is not taken out in Nov. if not
> Nov I would say that the Sept low will be taken out in Dec. Major indicies
> back up to early Apr low closes which should be pretty stiff resistance.
> Ideal scenario would be for us to start down early next week then rally to
> lower high making right shoulder into Nov 1 then roll over.........
>
> ----- Original Message -----
> From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> To: "Realtraders" <realtraders@xxxxxxxxxxxxxxx>; "LwSide1"
> <lwside1@xxxxxxxxxxxxxxx>
> Sent: Saturday, October 27, 2001 2:11 PM
> Subject: [RT] Case for the bulls?
>
> > I believe that the long term bear case remains in excellent shape. That
> > said, I am beginning to see some signs that give me pause in making
> shorter
> > term bearish bets. This does not mean that the short term bullish case is
> > strong, but rather the short term bearish case appears to have weakened
> > leaving open the possibility that the next months will see a secondary low
> > and a higher high. A review of charts at previous panic lows suggests that
> > the 21Sep low is likely to be retested within 35+- days or not later than
> > 09Nov.
> >
> > Now for a bit of fun!
> >
> > The attached weekly SP500 continuous unadjusted futures chart suggests an
> > intriguing scenario. Technical work performed on the weekly chart months
> > prior to September 11 suggested a price target of 1041 (call it 1000-1050)
> > for completion of the initial 5 wave decline. One would expect this to be
> > followed by a rally ... quite likely an ABC correction of 38%-50% lasting
> a
> > minimum of 38% of the time in decline. The events of September 11 set off
> a
> > panic decline to 939 which overshot the target quite a bit.
> >
> > While one typically watches retracements from the real low (left hand
> > retracement column) it may be worth watching retracements from the typical
> > (projected 1041) low (right hand column). When retracements are measured
> > from the typical low, the rally is seen to be much less powerful than when
> > measured from the real low and there is far more room for an upside
> > retracement which does not negate the primary bear trend.
> >
> > Just a bit of out-of-the-box thinking which might just go a bit toward
> > explaining market behavior for the past several weeks. Thoughts?
> >
> > Earl
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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> >
> >
> >
>
>
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>
>
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