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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Paul Shread who wrote (25522)7/17/2000 10:22:26 AM
From: John T.  Read Replies (2) of 42787
 
Paul, I see what you're talking about. I agree that there is a rising wedge on the SPX that started about 1440. This could imply a return to the 1440 area.

In some of my prior messages, I spoke about a rising, ending diagonal. The ending diagonal is an Elliott Wave term and it only applies to the fifth wave of the current five wave rally. It could be described as a smaller rising wedge at the end of the larger rising wedge. This rising, ending diagonal implies a return move to around 1475. We could also return to 1440 in accordance with the larger rising wedge that you pointed out.
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