WillytheBooh Posted June 5, 2003 Report Posted June 5, 2003 The chart above is a tale fo 2 extremes. I have plotted the most bearish and bullish counts. Either we have finished the A1-5 leg of this BEAR in October and are presently in A of an ABC 8-18 month countertrend rally OROROROROR We are just finishing the 4th wave of A 1-5 and the fifth wave will start anytime from tomorrow- June 16th or July 2 2003. If this is A of ABC then this leg of the rally could conceivably last into fall and play around with the 2000 mark, no joke. then we would retrace for several months only a fib portion of the rally just in time to reverse into the topping action just in time for the elections where the upside could be as high as 2300-2600. If this is the 4th wave then sentiment and timing models suggest a turn of signifigance is within 1-21 trading days which would ultimately lead to a NASDAQ of triple digit proportion. We should know soon...... Warm regards Savas (c;)0
Guest Posted June 5, 2003 Report Posted June 5, 2003 Wave four and five still to go. It seems to me we are now moving viciously higher in 3s. Believe this could finally be the ending diagonal which if this labelling is right and e=c should take us no higher than around 995.
sniff Posted June 8, 2003 Report Posted June 8, 2003 Looks like you are doing a fine job TE...... This is not an E-wave chart, but thought I would throw it in..... I don't think it hurts to match other TA charts for possible confirmation. I have no opinion where price might be going........ don't think I will open any long posistions Monday though.....
sniff Posted June 8, 2003 Report Posted June 8, 2003 Guess something did not like my chart? One more try..... If it does not come up, you might take a look at the 20 ma on the NAZ
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