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#1
Posted 18 January 2007 - 04:55 PM
Mark S Young
Wall Street Sentiment
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#2
Posted 18 January 2007 - 05:02 PM
Interesting stuff, if you haven't seen it this week.
http://www.traders-t...showtopic=65208
Mark
The characteristic 5th wave speculative orgy was NOT occuring in US techs, but in emerging markets.
So this is another bit of evidence that we are in the final 5th wave, and unlikely the 3rd wave.
#3
Posted 18 January 2007 - 05:39 PM
Ahh...but a 5th wave of what pattern sequence?So this is another bit of evidence that we are in the final 5th wave, and unlikely the 3rd wave.
More importantly, what degree of wave 3 and/or wave 5 is your evidence pointing to?
And finally, are you sure that the last months worth of action is actually an impulsing structure and not a corrective one?
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#4
Posted 18 January 2007 - 08:15 PM
Ahh...but a 5th wave of what pattern sequence?So this is another bit of evidence that we are in the final 5th wave, and unlikely the 3rd wave.
More importantly, what degree of wave 3 and/or wave 5 is your evidence pointing to?
And finally, are you sure that the last months worth of action is actually an impulsing structure and not a corrective one?
Fib
It would help if you posted a chart with your labeling of this leg and the bull market. The count I'm following, at the moment, is EMs. That would show the leg up from july as the 5th up, and the last several weeks as the 5th up of this leg. That's about as much as I'll speculate at the moment.. whether in the super cycle or whatever, I have no clue.
Don't be shy now, its OK to be wrong .
#5
Posted 19 January 2007 - 12:16 AM
I posted one idea about a month ago just before Hayrake's "blowoff top". If you happened to miss it, you can do a search on it.It would help if you posted a chart with your labeling of this leg and the bull market.
I've been called many things in this business, but being "shy" isn't one of them.Don't be shy now
Yes, it is - but I do try to keep that at a bare minimum, and you'll always find me the first to admit it when it does happens.its OK to be wrong
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions