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Strategies & Market Trends : Technical Analysis With Charts

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From: MACD X	9/17/2005 9:50:17 PM
	of 6865

ELLIOTT WAVE ZIG ZAG AND FLAT CORRECTIONS stockcharts.com[g,a]daclyyay[d19900827,19930803][pb50!b200][vc60][ild20][J57743481,Y]&listNum=1 One of the rules of elliott wave is the rule of alternations. Meaning that if wave two is a flat correction then wave four will be a zig zag. This is what is shown on the chart above. It is also posible that wave two will be a zig zag and wave four will be flat correction. Flat corrections come in many flavors and can be counted as ABC ABCABCABC or ABCXABC or any other combination and last a very long time but the fact is they go no where just flat price movement thus the name flat correction applys

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