7 replies to this topic

[NAV]

Comments at

http://nav-ta.blogsp...m-thoughts.html

[eminimee]

Nav...the count on the 15 min can be argued as the first wave looks like 3...alternative is A and B of C..with that B not finished yet..then a 5 wave C wave down. Just a thought that OEX has topped it's B wave. Comments here....you have to scroll down a bit for the count on the 5 min....there is a daily there too.

http://www.traders-t...?...g&blogid=30&

Edited by Teaparty, 29 March 2007 - 09:14 AM.

[NAV]

Nav...the count on the 15 min can be argued as the first wave looks like 3...alternative is A and B of C..with that B not finished yet..then a 5 wave C wave down. Just a thought that OEX has topped it's B wave. Comments here....you have to scroll down a bit for the count on the 5 min....there is a daily there too.

http://www.traders-t...?...g&blogid=30&

eminimee,

On your OEX chart the MACD top coincides with the price top. It's a rarity when the momentum top coincides with the price top, unless we happen to be triangulating. I would argue more time is required to finish the wave B here (that is, assuming we are in a wave B ).

You avatar is visually disturbing

Edited by NAV, 29 March 2007 - 09:29 AM.

[arbman]

NAV, Feb 28 was not a panic selling, it was an initiation. The panic selling happens at the end of long declines, this one came out of the blue. The market realized how overpriced the risk and assets are and tried to correct, currently the breath momentum is causing this (upside) volatility. It will also fade off because the leadership does not confirm the breath momentum anymore, neither the liquidity picture. Today is very important, it needs to close higher than yesterday and larger volume, otherwise it will tank very soon (like from next week) one more time, I am thinking a volatile range for a few weeks and then a decline later in April into May once the breath momentum also fades. I do not think making a higher high or lower high is important at this juncture, it will not be a smooth trend... - kisa

Edited by kisacik, 29 March 2007 - 09:52 AM.

[greenie]

Comments at

http://nav-ta.blogsp...m-thoughts.html

Hi Nav,


Welcome back !!

Fundamentals do not agree with you, but you may be right that at the end of the day, the entire economy will follow these e-wave hocus-pocus.

Good luck

G.

P. S. tell your buddies in b'lore that india will split into 3 countries at the end of the depression.

[eminimee]

The avatar is there to remind me not to drink tequila!

[dcengr]

Another possibility is that Wave A has not completed...

I posted a chart of 1936 which shows maybe we're not at the end of Wave A. The recent rally could've been just a big zig zag.

[NAV]

Comments at

http://nav-ta.blogsp...m-thoughts.html

Hi Nav,


Welcome back !!

Fundamentals do not agree with you, but you may be right that at the end of the day, the entire economy will follow these e-wave hocus-pocus.

Good luck

G.

P. S. tell your buddies in b'lore that india will split into 3 countries at the end of the depression.

The more the market action disagrees with the fundamentals, the more depressing it gets. That's why, i long ago stopped paying much attention to the fundamentals. As long as my hocus-pocus makes me money, i am happy.

Good luck to you as well !