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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Shack who wrote (79613)3/13/2001 11:31:26 AM
From: AllansAlias  Read Replies (1) of 436258
 
For now, I am tracking this correction as a 5-3-5 (a-b-c) zigzag. It's easy to get the degree wrong here, but for now it looks like we should be starting the 5 up (c) just now. Of course, one always has to consider that one is completely wrong and we are starting a new impulsive move up. I can not see that, but hey, we've been here before. All we can do is short what looks like the end of this move and then wait to see if we get whipped or start a nice fat downleg.

If we head to a new low here I'll assume the worse and go short while I reorient the count.
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