14 replies to this topic

[eminimee]

[skott]

is this your own interpretation?

[eminimee]

Yes...who else would it be?

[skott]

was a compliment/question. could have seen it somewhere else and are presenting it here. Just a question.

[fwsnkjv]

Hey TP, What happends if it blows throught the upper or lower blue lines? Are we then into a different interpretation-in other words, how much power do you ascribe to the trend lines or the fact that an indes goes through one? Thanks, Frank

[kc135a]

Tea

FWIW, I have the same scenario for the DOW derived quite differently.

Up to 13200 and possibly to as high as 13500-13600 in the next 1-2 weeks and then down to the 11300 area by middle July. After that? The start of a very major bull run with no lower lows for a very long time.

KC

[LeroyB3]

Tea, The chart has good symmetry, but I can't see how we are in a fourth wave. From what point do you think we are in a fourth wave? Best, LB

[bobalou]

tea, could you use the vhf ider of a june 1 high, to a view,w/ your work,then added to mine,thx

[espresso]

The Art of Charts!

[skott]

the high last friday was the top of wave 3 we are dropping now into wave 4 bottom in the next day or two. and then up into wave 5 top. All very possible and all very not possible. Time will tell. I will very delighted though if we drop 14% since I have some long dated QQQQ puts.... have my doubts though Teaparty. what will be your signal to go short or get confirmation that you are correct?

Edited by skott, 30 April 2007 - 04:54 PM.