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Strategies & Market Trends : Sharck Soup
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To: velociraptor_ who wrote (12894)3/23/2001 9:20:35 AM
From: marc chatman  Read Replies (2) of 37746
 
Raptor -- another wave question --

I see the 4 waves off the lows, particularly in the DJIA and SPX (not so easy for me to see on the COMPX).

But if this is a 5-wave pattern, which I think I've seen you refer to as impulse, then should we expect more near-term bias to the upside? I'm wondering whether maybe this 5-wave move up could be 5 waves of an A wave, with a B and C to follow before the stronger move down.

Is my thinking off the wall? Can there be a 5-wave corrective move?

TIA
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