Recent content by Ian56

After the US bottoms which may be as low as 8000 or might have been yesterday, I am expecting a strong rally over 8640 and maybe much higher into next year. The whole of the move from 9043 looks corrective. I could be wrong but this is the best fit. EW count...

The sharp move up at the open today was EW b of C for the move down from 8640. C waves are notoriously sharp. The European markets had their c of B moves at their open today. The rest of the day until 8330 was a of C. A wedge pattern. It looks like we are currently in b of C (a small rise)...

Martin There is another possible channel :- Across the highs from 9907, 9773, 9700 and 9690. Across the lows at 9730, 9660 and 9608. I was watching this potential channel today but then didn't trade it when the spike up 9730 exceeded it, it then bounced down from it twice. What do you reckon...

Well I count 5 waves down for yesterdays decline into this morning. Then a classic 3 wave ABC correction. Followed by the start of wave 3. The Dow topped out at 9773 - 50% retracement of the decline from 9940. If wave 3 is equal to wave 1 we should hit 9470-9430 with 9450 being the 38% fib...

Looks like a classic ABC correction today of yesterday's rally. Wave 1 of this decline, with wave 2 complete or near complete. Target for wave 3 on the Dow is around 9470-9430. 9450 is 38% retracement of the rally from Sep. Regards, Ian

Take a look at Raptor today. It looks very much as if wave 3 of a significant decline is now in progress. Within wave 3, wave 1 looks to be nearing completion. (Wave 1 was 8-9/1 to 22/1.) The indices are at or near significant support. Dow 9600, S&P 1098 (major), Nas 1880. I am hoping we...

I am now looking for a correction high sometime between 30/1 and 1/2 before the next leg down. Targets - Dow 9980-10030, S&P around 1152, NAS around 2000. Likely bounce on the Dow tomorrow from 9810-9820 region as per Chartrman's postings. A move below 9800 and especially 9780 is bearish for...

I have potential targets for the end of the rally of Dow 10270 to 10290, S&P 1176, Nas around 2100. Reasons below. Any comments appreciated. Regards, Ian On the Dow since 21/9 we have Wave 1 8062 - 9598 = 1536 28 trading days Wave 3 9024 - 10169 = 1145 21 trading days Wave 5 9736 +...

Good US TA site, especially for sectors and indices. http://www.investronica.com/market/ Regards, Ian

Cheers Riz. Got about a dozen to check out now, unless anyone else wants to help? AATK, CPHD, INVN, VISG, VSNX, TERN, HLYW, BBI, AOC, AJG, NOC, PCG. Just a glance at PCG, shows significant resistance at $20 (3yr chart), well defined support line, which it is now testing. Has almost tripled...

Riz - How did you guess? I am looking to build up a medium term portfolio of shorts. Have already identified some candidates, posted on ADVFN. US looks a better bet than the UK as the UK has not joined in the rise from 14/12. Please feel free to copy anything you fancy onto here. Meanwhile take...

Can't see anything remotely interesting on that site..... Regards, Ian

Anyone know where I could get info on the largest risers for the last 2-3 months for the Dow, S&P and Nas100? Regards, Ian

If you ignore the brief fall today (where the trendline acted as brief resistance) a break of the trendline from Friday's low should be shorted, currently around 10060. Dow has formed a bearish channel today. S&P has formed a bearish triangle with a triple top at 1152. Dow resistance above...

Take a look at the 2 year charts for Nasdaq, S&P and Dow. A perfect long term parallel down channel can now be drawn for each. Nas from Mar00 all time high. S&P from Sep00. Dow from May01. All strongly suggest a major wave down is about to begin with a failed re-test of the upper line on 6/12...