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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject4/3/2001 2:13:19 PM
From: velociraptor_  Read Replies (3) of 37746
 
Following my last post....another alternative I can possibly see is that if we trend down hard now for the next hour into the 3:15 time, then we could possibly be completing wave 5 down. This would result in a smaller wave 5 that is truncated and is allowable by EW rules. If so, then the 3:15 turn point will be a turn up and we should start correcting this decline off the highs for the next 2 days or so.
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