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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (1415)	5/1/2001 10:27:36 AM
From: Perspective	Read Replies (2) of 209892

The only problem I spot with that count is that wave (iii) of 3 is the shortest of (i), (iii) and (v). I would propose the following minor mod: geocities.com I would also say that, if the Old Eco five waves are done, that the first corrective upleg will probably retrace most of our first leg down, as we bounce off the lower TL, producing another peak very close to yesterday's. That would provide an acceptable cycle turn that is a high. The cycle high doesn't have to be THE high, just a major turning point. Keep in mind that these turn dates come off a daily chart, if I'm not mistaken. Therefore, you must step back to a daily chart to view the proper perspective. If we lodge a high today anywhere near yesterday's high, it will still look like a significant high was produced in the middle of this week. BC

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