tag:blogger.com,1999:blog-19713238.post2819978296578105891..comments2023-11-05T06:41:02.893-05:00Comments on Wall St. Warrior: Technical Picture - Bearish Start to New Week/MonthTJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-19713238.post-46541127709697097422009-03-03T23:45:00.000-05:002009-03-03T23:45:00.000-05:00The DOCument,Thanks, I get lost in the wave counts...The DOCument,<BR/><BR/>Thanks, I get lost in the wave counts. I was kind of hoping we were on wave 5 of 5 already.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-21592348485317236432009-03-03T23:09:00.000-05:002009-03-03T23:09:00.000-05:00It's also important to note that we are playing ou...It's also important to note that we are playing out wave 3 of 5 of the Primary bear market move. It is this wave that sees panics that stretch indicators beyond their regular "playable" levels (for mean reversion). I think we could see the SPX under 600 within days. We'll then get a rally, test the bottom, and then embark on a multi-month primary corrective rally.thedocumenthttps://www.blogger.com/profile/07987103610792079395noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-52581978941517897152009-03-03T12:45:00.000-05:002009-03-03T12:45:00.000-05:00Thanks JF,I will take note of that range for futur...Thanks JF,<BR/><BR/>I will take note of that range for future reference. But let's hope we don't go anywhere near that range in the near term.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-86406976688612677072009-03-03T08:35:00.000-05:002009-03-03T08:35:00.000-05:00range of oct 1987: 329-216, this is still a long w...range of oct 1987: 329-216, this is still a long way to go but not impossible, consedering market behevior of the last 12 months. <BR/><BR/>At 329 the SP500 would had lost about 80% of his value from the oct 2007 top.JF Davidhttps://www.blogger.com/profile/02809868376076312020noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-66222948192603855452009-03-02T23:00:00.000-05:002009-03-02T23:00:00.000-05:00JF,My chart only goes back 20 years. What is that...JF,<BR/><BR/>My chart only goes back 20 years. What is that that level?TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-60785408378540060712009-03-02T22:38:00.000-05:002009-03-02T22:38:00.000-05:00One possible area of support could be the intraday...One possible area of support could be the intraday range of the 1987 black monday. This could be the bottom of this bear market. Everything is possible!JF Davidhttps://www.blogger.com/profile/02809868376076312020noreply@blogger.com