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Non-Tech : Raptor's Den
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To: velociraptor_ who wrote (8073)2/19/2003 3:10:04 PM
From: velociraptor_   of 10157
 
In the prior post, note that the 5th wave is also contracting further as shown in green. The 2nd and 4th waves in the wedge do not overlap. Hourly stochastics are already down to oversold. If we get the aforementioned scenario, it would fully bring the daily stochastics up into overbought without going much further on the upside.
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