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Strategies & Market Trends : Classic TA Workplace
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To: oldirtybastard who wrote (13332)9/13/2001 9:58:04 AM
From: AllansAlias  Read Replies (1) of 209892
 
There can be no EW without price action. Having said that, once we open, I think it's prudent to compress the action and not look for nicely structured moves. For example, if we open down, then don't look for any other structure as the simple down may well be the complete move in that direction. What I'm saying is that the move could be missing a piece or two and it'll be no time to be strict.

This all assumes we open down.

If we open flat to up, then I would still count the down we had before the open in the futures as a quick move down on the charts. It is more than safe to assume that we would have had a move down.
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