Jump to content


Photo
- - - - -

A trend line we did not break!


This topic has been archived. This means that you cannot reply to this topic.
39 replies to this topic

#1 The End

The End

    Anything is possible!

  • Moderators
  • PipPipPipPipPipPipPipPipPip
  • 10,102 posts

Posted 02 May 2003 - 04:11 PM

I saw this trend line on Larry Tomlinson's site and here in the new stooltrading thread.

I understand some very famous people went short or turned bearish calling this the top. It doesn't look that way to me but, I'll let the market tell me what it wants to do.

The A,B on the chart can't be a 1,2 but, If I was one of those people who called the top today, they would label them 4 and 5 of (E)2. With three down or three of three down starting monday.

Enjoy your weak-end.

TE.

Attached Images

  • 60_min..gif

NONE of what I type, should be taken as financial advice.

And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.


--Waters

#2 marketneutral

marketneutral

    Stock Proctology Intern

  • Members
  • Pip
  • 60 posts

Posted 02 May 2003 - 04:29 PM

TE,

Ending diagonal triangle count may have terminated today....close enough for my intermediate trend positions (IRA rydex funds).....bought short funds on close.

Next week will be berry berry fun for da bears IMHO.

Best,
MN

#3 Slothrop

Slothrop

    Assistant Professor of Stock Proctology

  • Members
  • PipPipPipPipPip
  • 3,614 posts

Posted 02 May 2003 - 05:21 PM

Marketneutral is correct. TE, I would put a 4 where your A is and a 5 where you've got a B.

I realize this is different from last night's take, but, hey, when you're wrong, you move on and reconsider.

#4 The End

The End

    Anything is possible!

  • Moderators
  • PipPipPipPipPipPipPipPipPip
  • 10,102 posts

Posted 02 May 2003 - 06:03 PM

Marketneutral, Slothrop,

Reread third paragraph, please. :)

For now it is my alt.

I sure hope you are right.
NONE of what I type, should be taken as financial advice.

And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.


--Waters

#5 FeedFool

FeedFool

    Clinical Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPip
  • 9,475 posts

Posted 02 May 2003 - 06:21 PM

Look what I missed on daily chart a huge bear flag or ending diagonal check it out on 60 min chart.
Going up on lower volume is not bullish. Volume sucks. Check out normally happens next.
Shorts buying near the top?

Posted Image

Terminal wedge check it out on 60 min chart. Hey u Ewave guys want to try and label it?

Is it 5 of c?

Many thanks

Posted Image

#6 FeedFool

FeedFool

    Clinical Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPip
  • 9,475 posts

Posted 02 May 2003 - 06:30 PM

Sloth

I was sure we were on the final leg, which was due to end on Friday. But today’s action made think there was something else was going on. Ending diagonal / bear flags fits better now.

I have seen ending diagonal but never have I see a huge one if that is the ending diagonal. Any take on it.


Thanks

#7 Slothrop

Slothrop

    Assistant Professor of Stock Proctology

  • Members
  • PipPipPipPipPip
  • 3,614 posts

Posted 02 May 2003 - 06:41 PM

5 of C is what I come up with, Mr. Fool.

#8 FeedFool

FeedFool

    Clinical Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPip
  • 9,475 posts

Posted 02 May 2003 - 06:49 PM

5 of C is what I come up with, Mr. Fool.

Mr Sloth

So down, retest then the enema. Have I got that right?


Is it possible to have huge ending diagonal?

What will the enema will look like?


Many Thanks

#9 The End

The End

    Anything is possible!

  • Moderators
  • PipPipPipPipPipPipPipPipPip
  • 10,102 posts

Posted 02 May 2003 - 07:15 PM

If it is 5 of C the there will be no more UP. It would start wave three of three down. I don't see that yet but, I will act when I do. Still net short and the next move should be down. it's the down we gotta watch. It should be impulsive, which will again make everyone bearish. then we go to higher highs or we retrace and go lower. I hope the latter is true but, i'm a new born sceptic.
NONE of what I type, should be taken as financial advice.

And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.


--Waters

#10 FeedFool

FeedFool

    Clinical Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPip
  • 9,475 posts

Posted 02 May 2003 - 07:54 PM

My veiw of the nasty.

Some one is going to write a new book on Ewave when this Bear markets ends. All u Ewave guys what do u think about my Ewave and the target target?

Many thanks


Posted Image

#11 marketneutral

marketneutral

    Stock Proctology Intern

  • Members
  • Pip
  • 60 posts

Posted 02 May 2003 - 10:26 PM

Here's my daily count...my time cycle work also points to a high between 5/2 and 5/6. I could go on and on with other reasons why the top is nigh (if we didn't hit it today), but we all know the story here. If this count is correct, two overlapping cycles project to late June for the next 'bottom', which potentially could be 'the bottom'--I have one alternate potential and the price target would shock most here, but we'll worry about that then if/when we get there.

I hope I'm not bringing down the quality of this board...hehe


http://stockcharts.c...cmd=show&disp=E

P.S. If someone tells me how to post stockcharts to this site, let me know......from what I can tell, I need to somehow first convert to a .gif file?

#12 marketneutral

marketneutral

    Stock Proctology Intern

  • Members
  • Pip
  • 60 posts

Posted 02 May 2003 - 10:41 PM

And the 60min count....

http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[r,a]eeclyyay[pc20!c50!c200][vc60][ilb14!lm12!lp14,3,3][J11217489,Y]&listNum=3

Good trading next week and beyond,
MN

#13 Guest_AssMaster_*

Guest_AssMaster_*
  • Guests

Posted 02 May 2003 - 10:56 PM

MN: I can only speak for myself - how I post annotated stockcharts charts. I use SnagIt (or any other screen capture tool) and save as a .gif file. Then use the upload file button to load that file. Dr. B. probably could give a more detailed explanation.

#14 PileDriver

PileDriver

    Professor of Stock Proctology

  • Banned
  • PipPipPipPipPipPipPip
  • 6,448 posts

Posted 02 May 2003 - 11:54 PM

TE,

Ending diagonal triangle count may have terminated today....close enough for my intermediate trend positions (IRA rydex funds).....bought short funds on close.

Next week will be berry berry fun for da bears IMHO.

Best,
MN

Ditto.

Perhaps a morning woodie on the open Monday but then it gets slapped down good and hard. These are the price highs. Most overbought conditions since bear began. Insane levels. I'm seeing record breaking ones here. Eye popping.

Nominal sell signal (>3.0) hit first on 4/23 at SPX 919. Indicator now a record 3.86!

Surpassing by wide margin May 22, 2001 and Jan 4, 2002 3.0+ signals.

The last fool has boarded the boat.

Its O-V-E-R :P

#15 The End

The End

    Anything is possible!

  • Moderators
  • PipPipPipPipPipPipPipPipPip
  • 10,102 posts

Posted 03 May 2003 - 12:25 AM

How about this one. Simple yet provocative 5 more to follow.

Attached Images

  • monthly.gif

NONE of what I type, should be taken as financial advice.

And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.


--Waters





Stock market portfolio giving you the runs? See Dr. Stool.

Take a subscribatory!
Download 
The Anals of Stock Proctology now!



The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

Support your local Stool Board.


The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!
Get Mugged!


Dr. Stool's
Book Search

Enter title, author, or keyword
Just books
All Products





Old Stool Depository

Live Steaming Pile Chart