Falls diese Analysen in diesem Forum nicht gewünscht werden, da sie nichts mit Elliott-Wellen zu tun haben, bitte ich um klare Hinweise!!!
Zitat:
Now, look at the 60 Minute Chart. Can you see the expanding triangle setting up? This is an important formation, and I'm afraid the flat bottom implies that tomorrow we are going to see a push down a great deal - perhaps as low as the 2,500 mark (the blue trendline).
Now, you have to remember - the market's job is to torture all of us. It never just goes straight up or straight down. It always outsmarts us. That's why I never say"It's going up." or"It's going down." Maybe Nostradamus could do that, but I can't. What I CAN do is tell you where the battle line is drawn (usually) and then encourage you to go with the move. That's my job.
Now, looking at that flat bottom, we conclude the market has a high probability of dropping, because that's how these usually work out. BUT, if we bounce off 2,730 - that's just as powerful. Since the NASDAQ has run 600 points from the Low, the most likely scenario, in my mind, is for a retracement tomorrow - possibly a big one. But here's where the torture part comes in. If we do retrace tomorrow, the market will most likely bounce near the blue trendline - 2,500 - and then start a MONSTER rally. See what I mean? Elation followed by Fear. That's how it works.
Short Term NASDAQ
Nice trading day today - down on the NAS, up on the Dow. Can't ask for more. Now, what I would do tomorrow is trade the trendline break to the upside (line not shown) at about 2,775, if it happens. My personal bet is for a move to 2,730 quickly (a gap down open) and then, we will have to see if it"tail fakes" or not. If we start filling the gap, buy buy buy and set your stops at the low. If we continue down, through 2,730 - get short more with a cover point at 2,730. It's going to be wild.
Medium Term NASDAQ
In the medium term. we are Short from the break at 2,830 and will hold Short until we see signs of a bottom. Don't think we will tomorrow. I think this thing could get nasty and put the fear in all of us for a few days. If we do rally, we will cover at 2,775.
<center>
<HR>
</center> |