blackbelt Posted April 3, 2003 Report Share Posted April 3, 2003 Even to me, that I don't use waves as my primary method, is clear that this is a 5th wave. Which means the move from 4/1 is approaching a top. Since we don't know how high a 5th can go, I wouldn't recommend shorting it with no proper setup. New longs of course are not advised at current levels...Low probability trade My $0.02 Link to comment Share on other sites More sharing options...
PileDriver Posted April 3, 2003 Report Share Posted April 3, 2003 I was thinking the exact same thing BB. Wave #5 now...it may be all over N-O-W. No volume either, not good for bully. Bully needs volume. OpEx approacheth. Cycles not in agreement with extremely boolish wave count to go much higher than low SPX 900's, at best. Something is wrong, something is terribly wrong. Glad I don't ST game the averages. Link to comment Share on other sites More sharing options...
strikerm3 Posted April 3, 2003 Report Share Posted April 3, 2003 I was thinking the exact same thing BB. Wave #5 now...it may be all over N-O-W. No volume either, not good for bully. does the term dont short a dull market apply here? Is dull primarily volume? thanks Link to comment Share on other sites More sharing options...
blackbelt Posted April 3, 2003 Report Share Posted April 3, 2003 "Dull market" is a market with low volatility....a sleeper... this is no dull market....it's very active to the upside Link to comment Share on other sites More sharing options...
strikerm3 Posted April 3, 2003 Report Share Posted April 3, 2003 "Dull market" is a market with low volatility....a sleeper... this is no dull market....it's very active to the upside ok thanks, also thanks for great work. I also agree that it would be smart to wait for confirmed breakdown to go short. Any possibility of an NTAP chart for me with some of your numchuck karate style annotations? Link to comment Share on other sites More sharing options...
TheDeepBlueSea Posted April 3, 2003 Report Share Posted April 3, 2003 As they say in Tokyo ... BLAKEOUT! Did you know that Greenspan, Fukui, and Shiokawa all spent time at the same "Think-Tank" in Tokyo (Yoyogi-Uehara district) Link to comment Share on other sites More sharing options...
blackbelt Posted April 3, 2003 Report Share Posted April 3, 2003 "Dull market" is a market with low volatility....a sleeper... this is no dull market....it's very active to the upside ok thanks, also thanks for great work. I also agree that it would be smart to wait for confirmed breakdown to go short. Any possibility of an NTAP chart for me with some of your numchuck karate style annotations? NTAP is in my "long only" list. The weekly chart has built a HUGE base but since it's a tech it might take sometime before it breakout I traded it from 10.5 to 12 but I didn't have the guts to hold longer....short term I see 13.25 then 14.2 but if it manages to hold above 11.11 (previous pivot low) it could go as high as 18 (over time based on the weekly chart) Link to comment Share on other sites More sharing options...
PileDriver Posted April 3, 2003 Report Share Posted April 3, 2003 snot looking so hot Nasdaq, I damn thee back into the hellhole from which you came. (gotta have a little fun here, no market direction comment, just a jab) Link to comment Share on other sites More sharing options...
Injured Grizzly Posted April 3, 2003 Report Share Posted April 3, 2003 AZO selling lots of tank parts? Link to comment Share on other sites More sharing options...
machinehead Posted April 3, 2003 Report Share Posted April 3, 2003 Did you know that Greenspan, Fukui, and Shiokawa all spent time at the same"Think-Tank" in Tokyo (Yoyogi-Uehara district) Quite so. But don't forget their departing colleague, BOJ Governor Masaru "Clash" Hayami, a/k/a Mister Defration. Link to comment Share on other sites More sharing options...
blackbelt Posted April 3, 2003 Report Share Posted April 3, 2003 Here is the NTAP chart as I see it.... Time turn tomorrow so it might have a high either today or tomorrow Link to comment Share on other sites More sharing options...
strikerm3 Posted April 3, 2003 Report Share Posted April 3, 2003 "Dull market" is a market with low volatility....a sleeper... this is no dull market....it's very active to the upside ok thanks, also thanks for great work. I also agree that it would be smart to wait for confirmed breakdown to go short. Any possibility of an NTAP chart for me with some of your numchuck karate style annotations? NTAP is in my "long only" list. The weekly chart has built a HUGE base but since it's a tech it might take sometime before it breakout I traded it from 10.5 to 12 but I didn't have the guts to hold longer....short term I see 13.25 then 14.2 but if it manages to hold above 11.11 (previous pivot low) it could go as high as 18 (over time based on the weekly chart) awesome, thanks alot. Im targeting 14 with april 12.5 options...insane gains but gambling. I am also long the stock and thinking of selling half position tomorrow. I will sell half if it hits 13.25 on stock and 14 on options. Thanks for taken advice Link to comment Share on other sites More sharing options...
GregFokker Posted April 3, 2003 Report Share Posted April 3, 2003 Nice call in Stooltrading, Docstar. Added to my intraday put position. Gotta good fill. Link to comment Share on other sites More sharing options...
PileDriver Posted April 3, 2003 Report Share Posted April 3, 2003 C waves of corrective a-b-c's don't necessarily have to go higher than A - right?! Link to comment Share on other sites More sharing options...
blackbelt Posted April 3, 2003 Report Share Posted April 3, 2003 The B (of the ABC) can be higher than the A or the 1 of higher degree.... (irregular correction) Link to comment Share on other sites More sharing options...
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