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TREND1

08/14/03 12:16 AM

#140464 RE: SI_Shack #140460

SI_Shack
I always find it interesting to find people feeling that
each up move has to have 5 waves.(If that is what you are
saying)

Why?
Because form a probability point of view every up move
can not be 5 waves.IMHO.

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Zeev Hed

08/14/03 8:23 AM

#140493 RE: SI_Shack #140460

Shack, until we actually get to the top of this surge (which I think should end before the end of next week, but could eben be as early as today), I don't know how to determine which of the many forks in the road will be followed. Right now, I simply have high probabilities that the double top set in June and July in the indices will hold for the next few months (and as you know, aj does not believe in triple tops, and most of the time, he is right and they do not happen).
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Burk

08/15/03 1:21 AM

#141015 RE: SI_Shack #140460

Yes, a good e-waver I follow today changed his mind and is looking for slightly new highs on the Dow and SPX, but not on the NAZ. Then the decline...so we may still be a ways away....one more up to get folks really thinking that we've corrected and now are about to take off again??