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Stoney, I keep sending you PMS, not sure if your receiving them. A breakout is about to take place on LTS. The price has traveled through a defined pennant channel. The price is now moving up through the resistance of the channel. The breakout target will be the height of the pole...

I will be honest. I just started reading about the Elliott wave theory a few weeks back and trying to place it into practice. So far, it has done well for me and makes perfect sense. In uptrends there is usually 5 phases and in downtrends 3. Lets see if it works.

If March 2005 was the end of wave 1, then June 2006 would have to be ABC. I multiplied A by 1.618 and came up with almost the exact length of C. If this is true, then that long arm from June 2006 to February is Wave 1 and we are now in Wave 2. This means the next leg up will be massive...

It appears as if it bounced. Here is the new ICE chart. The next points of pivot are 137, 143 and 148. If it bounces off of any one of those points then its time to get short....this is because the price target will be 60 dollars. Multiple the difference of 167-119 by 1.618. Looking at...

Take a look. It doesnt look so bad when you have Mr. Fibonacci on your side.

Mark this post and bring it back up if it comes true or is false. I want to see if my new Elliott wave skills will work.

I wish I had better charting software so I could say which way more matter of factly.

chart chart chart

I think its too late and here is why. I know nothing about this company or the fundamentals of copper mining mind you, Im just looking at the chart. On November 1st, there began the typical ABC correction. Then this was completed at the start of the year and then began a 12345 leg-up. This...

If you missed out on the Manhattan good times these last 7 years, then Im sorry to hear that. I have lived in the tri-state for 33 years and each year has been more fun then the next. Always a new person to meet, always a new place to go. I dont look down on people because they wear a...

Finally here is ICE once again. I submit that ICE will have a chance to turn today. However, if it does not turn then 106 or 92 will be the next possible turning points.

Here is chart #2 of Apple

Well, lets take a look at both Google and Apple to see how the same logic holds up. Here is the first chart.

The proof is in the chart. The 20 day just crossed the 50 which is a "death cross". I would have to guess that it could either turn around right now or it will head lower from here to 106 or 91. The selloff these last few weeks appears to be at higher volumes then average suggesting...

Its not that funny if you know NYC. When you go into the city for the weekend, you go to drink. Everyone drinks in NYC. If you get caught drunk driving, then they take your car away and it becomes the property of the city. You never see your car ever again no matter how much money you...

I dont quite have all the fancy charting software. I still use stockcharts.com. I wonder if anyone has constructed a master chart demonstrating all the cycles and subcycles.

Whoops. I made a mistake. I looked through my data again. I missed one of the bumps on the chart. I now believe that the summer of 2006 was A, B and C. Im thinking now that the leg up on the S&P500 in the fall is Wave 1. Wave 2 is what we just experienced. My reasoning behind it is...

I was just looking at a chart of the S&P 500 and the Elliott Wave jumped out at me. When we hit 1461 and began the downward correction to 1363, my thinking is that is the A wave. Then the trip up is the B wave. The C wave by theory should then be (1461-1363)X1.618= 158 1438-158= 1280...

Hey guys, The reason why I threw this up here in the first place was to give you an example of how to meet someone with connections. Going to a wine tasting or a happy hour is a great way to do it. I have no faith anymore in sending out resumes. I really dont believe thats going to do...

I have been on messageboards since the days of BBS. I have observed and encountered many individuals who are seemingly hostile over the years. The internet is an anonymous place and people are not held accountable for their statements. For certain guys, it gives them a feeling of power...