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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (7389)7/18/2001 9:39:27 AM
From: Shack  Read Replies (2) of 209892
 
Allan, it seems to me that the only thing which keeps the 'B' from going back to the lows before the 'C' starts, and the idea that the entire A-B-C would be a flat rather than a zig-zag, is if we assume the 'A' had 5 waves instead of the 3 waves.

Is not possible that the 'A' had 3 waves? The initial rally off of April 4th to 22nd high was 'a', then the bull flag 'b' through May 14th, then the 'c' through to the May 22 high to complete the 'A'.

That's the only count I can find that has us revisiting the lows anytime soon.
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