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Pastimes : Ask da_cheif
MVIS 0.810-4.7%Jan 30 9:30 AM EST

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To: ontrack7 who wrote (7071)11/11/2001 11:55:08 AM
From: Chip McVickar  Read Replies (3) of 8150
 
Thank You ontrack7,

Very Good...., a "running correction"

Take the DJIA daily chart and for simplicity say the Sept 21st low is the beginning of wave 1....ending 10/17.
Wave 2 is a 'running correction' ending on 11/1

Make any sense....?

Been trying to apply fibs to Elliot's waves, both in time and price to "Qualify" their structures. And this count matches at least .382 retracements for [i-ii...iii-iv] of
wave 1
Also matches price extensions over 1.618 and time extensions over 1.618

Make any sense....?

Your earlier post is very interesting.., can you apply this to the DOW...?

>>now to get to top of wave 5 .....(wave1)(3.236) and add that to top of wave 1...
(5000)(3.236)+5000=21180......btw 3.236 is 2x1.618
<<

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