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Re: WAVES - was RE: [RT] Jon88keys!



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Lee,
Why are you using "long term count" and thus the 10/70 oscillator vs "normal
count" and the 5/35 (which shows a completed 5 waves)? Nothing I know of
instructs one to do that, but always willing to learn something new?
don ewers

----- Original Message -----
From: "Lee Morris" <LMorris@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, December 06, 2001 2:19 PM
Subject: RE: WAVES - was RE: [RT] Jon88keys!


> Not so fast ...
>   -----Original Message-----
>   From: M. Simms [mailto:prosys@xxxxxxxxxxxxxxxx]
>   Sent: Thursday, December 06, 2001 3:01 PM
>   To: realtraders@xxxxxxxxxxxxxxx
>   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
>   > >
>   >
>   >
>   >
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