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Strategies & Market Trends : Trader J's Inner Circle
NVDA 184.86-0.1%Jan 9 9:30 AM EST

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To: ajtj99 who wrote (43458)5/24/2001 8:04:51 AM
From: LTK007  Read Replies (2) of 56537
 
care to translate this for me,aj.:) <<To:The Freep who wrote (3364)
From: Shack Thursday, May 24, 2001 1:28 AM
Respond to of 3368

Ahhh, but here is where Elliott really comes in handy! If the move up from here counts out corrective, then we will know that the the down was impulsive! Then we can get on board without having missed too much. If the up counts impulsive, we have a 5 wave up move ahead of us.
We'll know so much more tomorrow.

G'night! >> end quote the trouble with ALL TA,it tries to rule out special events---so if a special event screws up their prediction they always have an excuse for what went wrong---it should be noted E-Wavers were Pounding the Drum in January that we had commenced a massive wave 5 and NASD would be OVER 5300 sometime in March--it was one of the worst displays of TA i had ever seen.
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