Guest Posted April 15, 2003 Report Share Posted April 15, 2003 Email from Sam, my boss, two days ago: Subject: Inner peace... I am passing this on to you-------it is working for me...I think---probably vodka works too. I have found inner peace. I read an article that said the way to achieve inner peace is to FINISH things I had started. Today I finished 2 bags of potato chips, a cherry pie, a fifth of Cutty Sark, a box of chocolate candy and slapped the living shit out of someone I don't like. I feel better already. Pass this along to those who need inner peace. Link to comment Share on other sites More sharing options...
mjkst27 Posted April 15, 2003 Report Share Posted April 15, 2003 Although the market sure seems like it wants to push higher from here, the problem I have putting faith in SG's count is that it would require Doc's analysis to be pretty "wrong". And I'm not comfortable with that. Call it a case of cognitive dissonance. Link to comment Share on other sites More sharing options...
2 floaters and a sinker Posted April 15, 2003 Report Share Posted April 15, 2003 FWIW, Short term... I use the GET indicators on e-signal. The computer generated e-wave counts on the ES 1,3,5, min (24 hour) and the 15 min (rth) are all calling for a fifth wave up. I don't pay a whole lot of attention to it, but I also don't ignore it. On the 15 min, this a count working from yesterday's low @ 865 -- targets 892 - 902 or so. Caveat -- the counts tend to change and subdivide as we roll around here. Link to comment Share on other sites More sharing options...
FeedFool Posted April 15, 2003 Report Share Posted April 15, 2003 Although the market sure seems like it wants to push higher from here, the problem I have putting faith in SG's count is that it would require Doc's analysis to be pretty "wrong". And I'm not comfortable with that. Call it a case of cognitive dissonance. Liquidity drives the market. Look at M1 in Docs annals. Silly old man can pump much as he like. If there are no takers then what can he do. Just look at Japan. Link to comment Share on other sites More sharing options...
blackbelt Posted April 15, 2003 Report Share Posted April 15, 2003 My opinion on "counts" is to always have a backup count on the back of your mind and take trades near the points where one count invalidates the other. This way the risk is smaller. My current read for the NDX is that it's in a "C" down to complete an ABC since the December high in the mid-to upper 800s. That fits well with my mid-summer low. That doesn't prevent me of course to take "long" trades because of the duration I hold the positions. The time that I'll get more aggressive on either side of the trade is when we reach the point where the "count" or direction is clear. And, for me, that can only be accomplished with "time projections" which say that the "time" to watch is early/mid May Link to comment Share on other sites More sharing options...
GregFokker Posted April 15, 2003 Report Share Posted April 15, 2003 Although the market sure seems like it wants to push higher from here, the problem I have putting faith in SG's count is that it would require Doc's analysis to be pretty "wrong". And I'm not comfortable with that. Call it a case of cognitive dissonance. Add that I can understand Hurst cycles. Link to comment Share on other sites More sharing options...
scottcardiff Posted April 15, 2003 Report Share Posted April 15, 2003 FWIW, The VIX has a double top target of 25.20. Pretty close. The QQV has a double top target of 31.25. Currently 31.80 The VXN has a double top target of 39.09. Currently at 38.25 This indicator will be going to a rating of 1.00 effective immediately. Doesn't mean the volatility indicators can't fall further. They've reached their targets and are historically low readings, so they will be moved to maximum overbought for the purpose of my indicator oscillator, as long as they are at or below these levels. Link to comment Share on other sites More sharing options...
soup Posted April 15, 2003 Report Share Posted April 15, 2003 a lot of calls for the low 900's and one for 570. Hmmmm, I think I will take that risk/reward and go with door number 2. Link to comment Share on other sites More sharing options...
Hoodwinked Posted April 15, 2003 Report Share Posted April 15, 2003 Glad roflmao And dont forget It only takes 26 muscles to smile 62 muscles to frown But most importantly It only takes 17 muscles to reach out and chock the living shit out of some a-hole Link to comment Share on other sites More sharing options...
2 floaters and a sinker Posted April 15, 2003 Report Share Posted April 15, 2003 Another caveat is to watch for a failed fifth at todays high (double top) Again, I stress this is very short term stuff (as if the mention of one minute charts didn't give you a clue ) Link to comment Share on other sites More sharing options...
RockLedge Posted April 15, 2003 Report Share Posted April 15, 2003 AMR? " SERENITY NOW! , SERENITY NOW! " Longed the stock @ 3.20 this morning,... stopped @ 3.10! Now $4.00 SOB's! I know,.... breath in, breath out. Link to comment Share on other sites More sharing options...
soup Posted April 15, 2003 Report Share Posted April 15, 2003 GM's numbers must be causing Noland to shake in his boots. Epitomy of a credit bulbble. Link to comment Share on other sites More sharing options...
FeedFool Posted April 15, 2003 Report Share Posted April 15, 2003 May be I am a fool, What am I doing wrong? Link to comment Share on other sites More sharing options...
cyclist Posted April 15, 2003 Report Share Posted April 15, 2003 Another caveat is to watch for a failed fifth at todays high (double top) Again, I stress this is very short term stuff (as if the mention of one minute charts didn't give you a clue ) Isnt there an indicator on the get chart (PTI I think) that tells you of the probability of a failed 5th (e.g. <35) Link to comment Share on other sites More sharing options...
2 floaters and a sinker Posted April 15, 2003 Report Share Posted April 15, 2003 Cyclist, Yes and right now it's running at about 58 on the short charts and 73 on the 15 min Link to comment Share on other sites More sharing options...
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