please vote
Sentiment for Thursday, April 8 2004
Started by
flyers&divers
, Apr 07 2004 03:04 PM
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3 replies to this topic
#1
flyers&divers
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Posted 07 April 2004 - 03:04 PM
"Successful trading is more about Sun Tzu then Elliott." F&D
#2
blustar
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blustar
Posted 07 April 2004 - 07:06 PM
If you are a contrarian, this is a good bet Thursday will be down pretty big time. That is what my indications are saying. Have we reached the top of the move from March 24th? Likely, no. Consider this current intraday rally a 'b' wave of an a-b-c "b" wave pull back, most likely. What I think this means is wave 'c' of "b" is forthcoming to the downside Thursday into Monday. This is likely too with gold stocks, IMO, and then a big rally OPEX week (into April 19th?), especially with gold stocks. This would be measured as wave "c" to the upside in both indices, completing a "B" wave top.
blu
#3
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 07 April 2004 - 07:45 PM
Just a WAG on Thursday but Yahoo was up 10% in after hours...methinks the market is in a very bullish mood. Silly me. Bought Venture before the close thinking no reasonable person would want to hold over the Easter time frame given the politcal happenings. 
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#4
U.F.O.
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U.F.O.
Posted 07 April 2004 - 09:12 PM
Me too Chili. I think they ought to rename Venture, Vulture. 
U.F.O.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
