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wave 3


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#1 tommyt

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Posted 23 May 2007 - 10:46 AM

hats off to the bulls so far, amazing...I've been stopped out short a few times now...chief, where does wave 3 measure out?

http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=1&mn=0&dy=0&i=p44265672391&r=3898.png

#2 da_cheif

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Posted 23 May 2007 - 10:56 AM

i suspect we are in wave 3 of one of 3......prelim target is the upper trendline of the expanding triangle that started in 1997.....that line is up around 20 k........my guess is we will see 5 waves up to or above that line......followed by a viscious 2nd wave pull back that will bring the perma bears to the medias attention into the next 4 year cycle low.......they will make headlines with the end of the world crash crap........and then......THE MELT UP EPICENTER PHASE......save this.....snort

#3 claire

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Posted 23 May 2007 - 11:40 AM

i suspect we are in wave 3 of one of 3......prelim target is the upper trendline of the expanding triangle that started in 1997.....that line is up around 20 k........my guess is we will see 5 waves up to or above that line......followed by a viscious 2nd wave pull back that will bring the perma bears to the medias attention into the next 4 year cycle low.......they will make headlines with the end of the world crash crap........and then......THE MELT UP EPICENTER PHASE......save this.....snort


chief,

Do you have an approx time frame for the 20,000 target? Thanks.

claire

#4 Russ

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Posted 23 May 2007 - 11:52 AM

I think he was asking about the short term Cheif.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#5 da_cheif

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Posted 23 May 2007 - 11:52 AM

i suspect we are in wave 3 of one of 3......prelim target is the upper trendline of the expanding triangle that started in 1997.....that line is up around 20 k........my guess is we will see 5 waves up to or above that line......followed by a viscious 2nd wave pull back that will bring the perma bears to the medias attention into the next 4 year cycle low.......they will make headlines with the end of the world crash crap........and then......THE MELT UP EPICENTER PHASE......save this.....snort


chief,

Do you have an approx time frame for the 20,000 target? Thanks.

claire



tomorrow.....snort....but thats just me.......when it gets here u will feel like i made this call yesterday.....time flies when ur having fun... :wacko:

#6 thespookyone

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Posted 23 May 2007 - 08:31 PM

Just look back and see-we just completed 5 of 5.

Edited by thespookyone, 23 May 2007 - 08:32 PM.


#7 da_cheif

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Posted 23 May 2007 - 09:12 PM

Just look back and see-we just completed 5 of 5.



of one.......