DrStool Posted March 24, 2003 Report Share Posted March 24, 2003 Pre-market Update Link to comment Share on other sites More sharing options...
ImaStoolMan Posted March 24, 2003 Report Share Posted March 24, 2003 Anybody looking for a Spx wave count to explain the action since 12/1/02? Here's a good'un..... http://carolantic.homestead.com/files/spx303.jpg and..... from the recent low.... http://carolantic.homestead.com/files/spxbnce.jpg shows the wave 4 corrective is over..... notice how wave 2 from the 1st chart was an long, drawn-out expanded flat, and wave 4 has been a sharp zig-zag which terminated at the very point wave 1 ended (which was the 12/6/02 low). Link to comment Share on other sites More sharing options...
seamus Posted March 24, 2003 Report Share Posted March 24, 2003 A little break in mortgage creation or the top? from SMRA.com Link to comment Share on other sites More sharing options...
Guest bidhitter Posted March 24, 2003 Report Share Posted March 24, 2003 This gap down is pretty nasty with techs leading the way. I don't look for this one to close. I do look for the ES S1 level at 879 to be reached as it tries to rebound back to the pivot point at 887. I think it will take some encouraging news to reach that spot, but that's jmho... ES pivot point at 887, above that look for 890 once again and then the high of Friday at 896. I don't personally look for these numbers today. Below we have 879, which we're already below, then a test of the overnight lows of 876ish.. then Fridays low of 873 will be tested, if that breaks then we may seek out 865.. The markets are reacting to news almost solely now, so it could be another volatile day.. Be careful.. I'm holding 3 ES shorts at 883 from early this morning. I've got a stop at 879 and will snake down, but I intend to cover at 873 if touched. Warnings Season is upon us!! Link to comment Share on other sites More sharing options...
anjing bau Posted March 24, 2003 Report Share Posted March 24, 2003 Here is one to keep your eye when gauing the health and duration of this recent upmove....... This ETF is filled with ebay amzn yhoo pcln etc.... yet it never came close to making new lows during the march downleg Link to comment Share on other sites More sharing options...
Guest Posted March 24, 2003 Report Share Posted March 24, 2003 Striker Glad to hear it and good luck with the surgery AMEN! Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted March 24, 2003 Report Share Posted March 24, 2003 why did dow futures just drop like a rock? Link to comment Share on other sites More sharing options...
turtle Posted March 24, 2003 Report Share Posted March 24, 2003 Vess and All My thread this morning gives my wave take Most of these "corrective" waves are the same in nature A B C A wave was clear 5 waves off bottom B wave should be a b c down to correct C wave should take us up in 5 wave above the A No reason to expect anything different this time around. With the war and bullhorning, its a tough environment to trade, so Im sitting on sidelines... but calling shots to see if Im right... You can read it on my thread... 27.38 was 5 pennies from my top call on Q's... B wave is imminent... C wave up is very likely, but we shall see... Vess... nice calls lately! SG, One important premise of Ewaves is a relative "free market". Currently, it's anything but free. IMO, you may be better off stop counting for a while and pay more attention on when your method is working and when is not. Of course, I could be wrong. Link to comment Share on other sites More sharing options...
anjing bau Posted March 24, 2003 Report Share Posted March 24, 2003 again if we are really going into a period of bullish cyclical strength we need to see where leadership can come from....... Again note how long this has been moving in an upsloping fashion IN SPITE of the dearth of bad news in the sector Link to comment Share on other sites More sharing options...
PileDriver Posted March 24, 2003 Report Share Posted March 24, 2003 Still short and loving it! Link to comment Share on other sites More sharing options...
Ned38 Posted March 24, 2003 Report Share Posted March 24, 2003 Heeeeeeeeeeeeeeeeee Haaaaaaaaaaaaaaaaaaaa Ride 'em Cowboy Link to comment Share on other sites More sharing options...
DrStool Posted March 24, 2003 Report Share Posted March 24, 2003 Stooltrading update Delayed replay of Anals Pre Market update. Link to comment Share on other sites More sharing options...
seamus Posted March 24, 2003 Report Share Posted March 24, 2003 The Rally Still Stands By James J. Cramer 03/24/2003 09:31 AM EST Click here for more stories by James J. Cramer Fade city for the contra indicator Link to comment Share on other sites More sharing options...
PileDriver Posted March 24, 2003 Report Share Posted March 24, 2003 I wouldn't be counting on a bounce back up We might very well have seen ewave #2 up. OVER Link to comment Share on other sites More sharing options...
Bearman Posted March 24, 2003 Report Share Posted March 24, 2003 Here's your Slope of hope Cant belive Hoper's on this Bear board this wkend A/D on stocks this short covering rally is a joke This Bear is a CUB Link to comment Share on other sites More sharing options...
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