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(with charts, sorry)
M. Simms
You must be psychic, the count changed on the daily S&P cash on 12-4-01
(first chart) from a 1-2-3-4 (down) to on 12-5-01 (second chart) to an A-B-C
(down) and 1-2-3 (up), since as you said the wave 4 retraced too far.
Of further interest is the 200 MA, the brown line on the chart?
Since I have been using the weekly as my primary "roadmap" which already had
5 waves at the lows (third chart) in which many fib targets were met), some
have been anticipating this change in count on the daily to result and are
looking at the wave 4 daily to evolve in an large ABC pattern eventually?
Perhaps the new wave 4 daily (or wave B?) could be the pullback many are
expecting too?
don ewers
----- Original Message -----
From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, December 06, 2001 2:00 PM
Subject: WAVES - was RE: [RT] Jon88keys!
> Speaking of WAVES......
> does anyone with AGet know if it has "thrown in the towel" on numbering
this
> latest move-up as Wave #4 out of 5 down ?
> I believe all indications are that #4 was really #5 and that we are in #1
of
> 5 - up.
>
>
> > -----Original Message-----
> > From: Ralph Volpe [mailto:rjv@xxxxxxxxxx]
> > Sent: Thursday, December 06, 2001 2:11 PM
> > To: realtraders@xxxxxxxxxxxxxxx
> > Subject: Re: [RT] Jon88keys!
> >
> >
> > Jon88, thanks for your response. I agree with you, the market
> > moves in waves and
> > there's no sure methodology to predict a move; however, the waves
> > we speak of
> > very often have a bias in intensity one way or another. It is my
> > opinion, based
> > on an assessment of economic fundamentals and
> > reaction/counter-reaction market
> > movements, this market is hurting -- and the hurt will be felt
> > shortly on the
> > downside.
> >
> > Ralph
> >
> > jon88keys@xxxxxxx wrote:
> >
> > > In a message dated 12/6/2001 1:39:36 PM Eastern Standard Time,
> > rjv@xxxxxxxxxx
> > > writes:
> > >
> > > << Dorothy, are you still out there? Some time ago I posted long-term
> > > charts of the NASD and INDU with my analysis that this market
> > was in for
> > > a nice rise. Well, I think this rise should end by Monday of next
week.
> > > My question to you, Dorothy, and others, do you share my view on the
> > > vulnerability of this market or should we succumb to the
> > 'talking heads'
> > > again with their exuberance for a rebound?
> > > >>
> > >
> > > I'm not Dorothy, but the Dow has been in overbought territory
> > for some time
> > > now. I would expect at least a correction pretty soon. A
> > correction would be
> > > healthy, even. But we're just surfers riding the wave and
> > moving our stops.
> > > I have no problem with the market moving to infinity, either :).
> > >
> > > But answering your question: sure the market's vulnerable.
> > But the market's
> > > always vulnerable (hence the word "market" as opposed to "sure
thing").
> > >
> > > Kowobunga dudes (and dudettes),
> > >
> > > Jonathan
> > >
> >
> >
> >
> > 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/
> >
> >
> >
>
>
>
>
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>
>
>
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>
>
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