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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (18398)10/29/2001 11:39:33 PM
From: Chip McVickar  Read Replies (1) of 209892
 
AA,

If I may ask a beginners question.

Idealized Elliot waves call for the impulse waves to have 1-2-3-4-5 minor waves before completing an Intermediate wave.

On Sept 21 the market moved higher for 3 days and then closed the gap on the 27th. There aren't 1-2-3-4-5 minor wiggles in that move to call it a completed wave 1...?

So in counting how does one make that leap into the real price bar world...? By idealized counts this move off Sept 21st could still be wave 1.

stockcharts.com[w,a]ejoannmy[pf]

Chip
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