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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: velociraptor_ who wrote (787)2/22/2001 3:10:00 PM
From: Henry J Costanzo  Read Replies (1) of 52237
 
Another way of looking at it is that the 5000 level was the end of a wave 3 advance which started in 1990, and what we've been seeing the past year is a wave 4 correction (which is made up of wave 1 down, 2 up, and 3 down) which is now ending. So a wave 5 advance to new highs is still ahead. But the problem I have with Elliot Wave -long-term or short-term - is that it seems like you can pretty much always make a case for whatever you want.
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