Classic TA Workplace Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: AllansAlias who wrote (26817)	1/6/2002 5:58:44 PM
From: velociraptor_	Read Replies (1) of 209892

Allan, I agree whole heartedly about the B wave. There is absolutely no way that either the move from 1620 to 2328 or from 2328 to the 1385 lows can be counted as 5 waves in the Nasdaq. I have not seen a count anywhere on this that is a valid 5 waves. There is too much overlap in the end of therise into 2328 and at the start of the drop from 2328. I also don't know of any corrective waves that end with only 3 waves. They are always 5-3-5 zigzags or 3-3-5 flats which means that they always end with 5 waves, not 3. I read the bull boards becase I like to get opposing opinions, but no one ever seems to address this in their camp. I think only 1 time I got a reply where someone claimed you have to make exceptions to the rules as they think Prechter's rules are incomplete. I think it's hogwash. I really can't see the possibility of this being anything but a c wave, nor can I see a new bull starting from these levels and valuations.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next