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Because the 10/70 peak down exceeded previous 10/70 peak. This is an
extension of whose in control. I know that we have not lost control on the
5/35 which would normally trigger a move to the 10/70, but on shorter term
charts when I have seen this setup where the 10/70 has made lower lows
especially when it has not pulled back to zero this interpretation has lead
to a accurate bigger picture. This basically leads me to believe that we are
in a large ZZ down from all time high on daily w/ wA ending at sept lows
(which agrees w/ your 5 wave count). We are now tracing out a counter trend
wB (just ending wa of wB). Like you have said either way Get keeps you on
the right side of mkt. We both have still been long. One clue may come soon
as if this is a wave 1 of a new impulse wave we should have a fairly deep
retrace, if however this is a counter trend ZZ then we will likely see a
23-38% RT.
I admit that although this is based on the charts it also fits my general
belief that we are not done on the down side. Bubble too big, consumer debt
too high, not enough time in correction has past, people are to ready to
jump back on the band wagon, world economy. I think before this is over most
people will just be disgusted with stocks and unwilling to jump on for some
time.
In the final analyis I do not believe that any of this really matters much
in that under either interpretation we all will be on the same side of the
market most of the way. I have found that my trading has improved since I
quit taking a position on which way the mkt was going and just following the
shorter term charts. We likely will not know how this plays out for 6-12
months.
On the attached note how we bounced off the 1x1 form the bottom and would
hit the 1x1 from top next week at 1192.
-----Original Message-----
From: Don Ewers [mailto:dbewers@xxxxxxxxxxxxx]
Sent: Friday, December 07, 2001 9:22 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: WAVES - was RE: [RT] Jon88keys!
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
> > >
> >
> >
> >
> > 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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