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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (7389)7/18/2001 8:03:07 AM
From: Paul Shread  Read Replies (1) of 209892
 
Could we be in an abc correction after completing 5 waves down (your "a" as a "3")? If it is a falling wedge, the only thing that would definitively predict is a retest of the May highs (2328 COMPX). I suppose you could look for a measured move duplicating the move off the lows, which would give us 700 points from your "e", or about 2600. I don't even want to think about that measured move in terms of percentage. <g>
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