| ltfinger |
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Beta Testers, Gold User, Member, Platinum User, TeleChart
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| Registered User |
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| Unsure |
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| Sunday, October 10, 2004 |
| Saturday, October 18, 2014 9:24:04 AM |
22
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QUOTE (HaveNoCents) I show its a wave 5. I have a feeling it will be a "failed" wave 5, but the projection for the wave 5 is 92-114. I am using weekly charts to take out some of the noise in the daily. On a weekly, the stock made a perfect wave 4 ABC correction and is now in either wave 1 or 2 of a 5 impulse wave up.
I hope you're right ltfinger. If someone told me I could sell right now for 76, I certainly would do so.
HNC,
My only concerns is that BOP's index ratings (IRs)(i.e., 13-period) shows strong accumulation while TSV and WRSI IRs looks choppy, i.e., positive and negative, respectively.
Note: I use IRs as a general barometer when considering the psychology of the markets...
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HNC,
I am also considering that this might be the beginning of Wave 3 of an impulsive move towards the 76 - 91 range...
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HNC,
What specifically is your point of reference in 2004?
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Hello,
Not too long recently posted my first of messages to come...
Would you mind critiquing a cumulative expression that depicts Elliott Waves?
V/R
Lance
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HNC,
Would you mind offering your critique on an expression that Ihave coined as the Pivot Reference Point indicator?
RE: I would like to forward it to you directly since it contains screenshots.
Regards,
Lance
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HNC,
What software are you specifically referring to and where can I review it?
Thanks,
Lance
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I have learned that one way of looking at BOP can be in terms of concerted accumulation/distribution of shares. I had glimpse at SYNA today and did see how BOP could be misleading - but I just had to look at what weekly ratings of BOP, TSV, and MS correlations were illustrating (Note: I just think that BOP/TSV/MS gives a lot of insight when viewed as weekly ratings):
1. 4 weeks of decreasing concerted accumulation of shares as evidenced by BOP;
2. 13 weeks of negative price facilitation as evidenced by TSV;
3. Bearish price action as evidenced within all time frames by MS.
This really gives a lot of weight when considering to buy or sell shares of SYNA.
I hope that this information, coupled with your own talents, leads you into a better trading perspective within the nearest future.
Lance
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