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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts.

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To: Moominoid who wrote (1720)1/10/2002 5:47:17 PM
From: At_The_Ask  Read Replies (1) of 2290
 
This is an interesting count. I'm not sure what his long term count is but this one, although a bit dated, seems pretty reasonable.
investavenue.com


I have modified the "troll count" to show a complete 5 waves up since the september low. We have abandoned the uptrend channel on the NDX; therefore I must conclude that we are in a corrective series. I am counting the 12-6 high as the 5 ending the impulse. So according to that count we are in a corrective b up at the moment and perhaps have entered the c down as of the reversal yesterday. Its basically the same as onishkas count.

If we don't correct soon in a major fashion then I will buy into the "new bull" scenario and buy the dip of the 2. Even if we go into a large three we must have a sizable 2 at some point. I don't think we have had a complete two of appropriate degree yet. The action we are seeing now may just be it.

wallstreet-online.de
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