3 replies to this topic

[OEXCHAOS]

Here's the T-4 chart I promised. Feel free to analyze it any way you see fit. I can also probably send the raw data over.

http://www.traders-t...ost&id=5647.png

[Remo]

Thanks,

Seems to me that we are going to re-test the February highs and have now completed A wave to the downside and are on a B wave correction... Sentiment seems to be confirming this idea.

Feel free to disagree. I'm long-term bullish...

Here's the T-4 chart I promised. Feel free to analyze it any way you see fit. I can also probably send the raw data over.

http://www.traders-t...ost&id=5647.png

Edited by Remo, 08 June 2007 - 11:33 AM.

[OEXCHAOS]

Thanks,
Seems to me that we are going to re-test the February highs and have now completed A wave to the downside and are on a B wave correction... Sentiment seems to be confirming this idea.

Feel free to disagree. I'm long-term bullish...

Sentiment could well be consistent with a pretty significant correction. I know at this point there's dip buying. Sentiment supports more downside for now.

I'd not touch the long side until I saw more Bears.

Mark

[Remo]

Thanks,
Seems to me that we are going to re-test the February highs and have now completed A wave to the downside and are on a B wave correction... Sentiment seems to be confirming this idea.

Feel free to disagree. I'm long-term bullish...

Sentiment could well be consistent with a pretty significant correction. I know at this point there's dip buying. Sentiment supports more downside for now.

I'd not touch the long side until I saw more Bears.

Mark

I agree, there's still more downside to come but still, I'd say that we have already completed A wave. I don't like to go long when I suspect that we are on a B wave. Too risky, IMHO, so I'll wait for C wave and expect more bears to come out during it... Especially when it bottoms on February highs