Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (4333)	3/28/2001 7:56:37 AM
From: Arik T.G.	Read Replies (1) of 52237

Paul, Your EW count on the weekly Naz is valid. It could be argued that the 4 on your count is rather short compared to the 2, and it's more akin to the move from the August low to the September high. In EW theory the impulse waves (5ers) are in the direction of the trend, and the counter trend waves are usually 3 waves abc. If we've just completed a 5er from the top, as your count goes, then after a big abc correction up there will be at least one other big down move carrying the Naz to new lows. See my interpretation here: Message 15566928 ATG

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