Quote from Mark's ISA weekend update:
"A rally attempt that fails and a dramatic reversal day on Wednesday with a sharp rally into Friday and a
pullback into the close. I'm going to send out an update tomorrow morning."
Well, I started typing this message at 3.30, but had to rush to a meeting. Great call Mark.
No disrespect intended to OGM (amazing calls - hopefully this won't jinx you)
Tea, NAV and Wavetimer and lastly, but certainly not least, Semibizz.
Back to your regularly scheduled program.
I still have to wonder, there is no disagreement breaking out on this board yet, so I wonder if this was a bottom at all....
Good luck trading everyone.
Kudos to Mark
Started by
rameshutt
, Jan 23 2008 05:11 PM
7 replies to this topic
#2
OEXCHAOS
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Mark S. Young
Posted 23 January 2008 - 05:41 PM
Thank you!
("All glory is fleeting...all glory is fleeting!")
I think most of us will agree that there's a good chance of another good leg down later. On that one the real fights will break out. 
Mark
Mark
Mark S Young
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#3
da_cheif
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Posted 23 January 2008 - 07:23 PM
>I think most of us will agree that there's a good chance of another good leg down later. On that one the real fights will break out.
<
rarely when a bottom is in place do they fool around......a 2nd wave pullback is usually like that.....fighting the tape on this advance shud be indemic........again.........lol......we had this arguement at 1095 and 1170.....remember????....
#4
eminimee
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I don't care who's fur is flying...
Posted 23 January 2008 - 07:28 PM
The 5th wave could be wild....I can imagine an ED 5th with large intraday swings over a week or more .....if this is the plan that is..
http://stockcharts.com/c-sc/sc?s=$OEX&p=W&yr=9&mn=6&dy=0&i=p76983683771&a=106691891&r=3933.png
http://stockcharts.com/c-sc/sc?s=$OEX&p=W&yr=9&mn=6&dy=0&i=p76983683771&a=106691891&r=3933.png
Edited by Teaparty, 23 January 2008 - 07:29 PM.
#5
FrankT
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Posted 23 January 2008 - 07:46 PM
I agree and really do appreciate Mark's insight into the markets. But as the Church Lady use to say, "Could it be Satan?"
#6
OEXCHAOS
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Mark S. Young
Posted 23 January 2008 - 07:58 PM
No, it's SATIN!
Mark S Young
Wall Street Sentiment
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#7
Frac_Man
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Hank Wernicki M.A.
Posted 23 January 2008 - 11:54 PM
When is the ABC going to Stop TeaParty ??
The 5th wave could be wild....I can imagine an ED 5th with large intraday swings over a week or more .....if this is the plan that is..
http://stockcharts.com/c-sc/sc?s=$OEX&p=W&yr=9&mn=6&dy=0&i=p76983683771&a=106691891&r=3933.png
#8
eminimee
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I don't care who's fur is flying...
Posted 24 January 2008 - 09:15 AM
Frac...who knows...but if the count holds any water ...I'm thinking 575 ..below there then 560 but then 5 will start to look to long and the count will become dubious. I'm thinking March low ....
Quite frankly...I'm not really trading any counts....scalping is beautiful off indicators on the 2500V chart on ES. Not often scalps are like swing trades.
