machinehead Posted March 28, 2003 Report Share Posted March 28, 2003 4/1/03 is 50% time retracement of the APRIL 1994-MARCH 2000 advance... If you regard the Super Bubble as running from Nov. 1994 to March 2000 (i.e., treating 1994 as an a-b-c correction, where Apr. '94 was the bottom of the 'a' wave and Nov. '94 the bottom of the 'c' wave), the 50% time retrace ended in Oct. 2002. These multiple time frames may explain the past 9 months of volatile flat action, where different cycles are bottoming asynchronously. When they all get in gear, in one direction or the other, it'll be "trend time again." Thank goodness ... this is turning into "the malaise that kills." Link to comment Share on other sites More sharing options...
Kid Posted March 28, 2003 Report Share Posted March 28, 2003 so far volume pathetic today Link to comment Share on other sites More sharing options...
strikerm3 Posted March 28, 2003 Report Share Posted March 28, 2003 QUOTE (strikerm3 @ Mar 28 2003, 10:46 AM) QUOTE (strikerm3 @ Mar 28 2003, 10:01 AM) QUOTE (strikerm3 @ Mar 28 2003, 09:30 AM) long NTAP 12.04, stop loss 11.90 stop moved to 11.98 stop 12.05 short 12.05 cover set at 12.00 Link to comment Share on other sites More sharing options...
simple guy Posted March 28, 2003 Report Share Posted March 28, 2003 Very Very light volume Link to comment Share on other sites More sharing options...
blackbelt Posted March 28, 2003 Report Share Posted March 28, 2003 Machinehead, You are right.... 10/10/02 has more characteristics that need to be paid attention... The following is the Line, log chart, of the Weekly SPX.... The decline from 3/00 to 10/02 is equal, in percentage terms to the bear of 72-74 (with deviation of less than 1% on closing basis). In terms of price....the low of October 2002 retraced exactly 50% of price for the advance 1974-2000. I know that there are people here that can manage on their own, but less experience traders should consider the bigger picture as well and not just pick a side (bull or bear) and go... Things are tricky now... Link to comment Share on other sites More sharing options...
The End Posted March 28, 2003 Report Share Posted March 28, 2003 "This is like watching Iron rust". LT. Link to comment Share on other sites More sharing options...
Guest Posted March 28, 2003 Report Share Posted March 28, 2003 .. Link to comment Share on other sites More sharing options...
Miss Moneypenny Posted March 28, 2003 Report Share Posted March 28, 2003 .. Dare I say it DF -- It's startin' to look a little like something from one of the porn sites! Sorry but no picture this time guys -- you'll have to use your imagination! Okay -- Mr. Moneypenny just told me that I obviously need a break from all this... LOL! Link to comment Share on other sites More sharing options...
Kid Posted March 28, 2003 Report Share Posted March 28, 2003 time to dong the QQQ's at the 2 pm rally? Link to comment Share on other sites More sharing options...
The End Posted March 28, 2003 Report Share Posted March 28, 2003 BB, Nice chart! I like that 599 spx number as a bottom of thia A wave in the bear market. We are running out of time. Link to comment Share on other sites More sharing options...
DrStool Posted March 28, 2003 Report Share Posted March 28, 2003 I will now tell you which way triangle will break. Link to comment Share on other sites More sharing options...
BAREister Posted March 28, 2003 Report Share Posted March 28, 2003 "the malaise that kills"? Carter aka "The Peanut" used the word "malaise" and it sure killed him politically! In Nov or Dec HRFF said this sidewaze action might persist FUR longer than anyone DREAMED of. The BARE is vASStly amuzed by this cycle talk, or, more precisely, the notion that we may be approaching some point where this market will lift off in a big way. It's perfectly emblematic of TA's great weakness - ignoring funnymentals, and, in this scenario now so much the subject of TA conjecture - ignoring history. All these wannabe? bulls seem to think this upward trend of twenty years - these still stratospheric levels of major averages like the DJIA and S&P, relative to the longer historical context, as some kind of linear continuum and the advent of this bear market some annoyance to be swept ASSide to permit resumption of the mania that took us here. We're still so FUR above the historical mean it's ridiculous. TA may point to resurrection of that now-interrupted trend, butt it ain't gonna happen and history is why, let alone the funnymentals which provide NO basis FUR it, yet, anyway. In "short" it's a laughable notion - which means it might happen given Wall St's infinite perversity. Link to comment Share on other sites More sharing options...
Pee Brain Posted March 28, 2003 Report Share Posted March 28, 2003 NEM up $1.80 or so today... Link to comment Share on other sites More sharing options...
DrStool Posted March 28, 2003 Report Share Posted March 28, 2003 it will dribble out the tip Link to comment Share on other sites More sharing options...
cyclist Posted March 28, 2003 Report Share Posted March 28, 2003 Doc It might be time for one of your afternoon polls. Up or down, the next 10, 2-min bars ;-) Link to comment Share on other sites More sharing options...
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