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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts.
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To: Moominoid who wrote (1722)1/11/2002 2:39:11 PM
From: At_The_Ask  Read Replies (1) of 2290
 
There's no need to do that - I am assuming this is the c of B wave which (latter) is either a running correction or expanding flat, depending how high we go. Only when we correct in big C or 2 of the new bull will it become apparent for sure that the new bull thesis is right or wrong... and only near the end of that move i.e. if it goes to 5 waves or falls below the Sep 21 low.

Even if one were to assume that the decline from the all time highs will or has played out in 5 waves and that we are in the 4; the 5 could always truncate and not violate the september lows.

It's possible if you aren't worried about the overlaps in wave 3 of the series. That is what tells me that this up will be more extensive with that as a leading diagonal. Other TA confirms the same thing. However, I would still be looking for the 5 of 5 wave. I think the high this week was b of 4 of 5.

If you use an hourly line chart, many of the overlaps disappear. I need to get a new sight for posting charts. I think yahoo killed my sight because so many of the hits came from SI. It's BS but I think its part of their terms of service. I don't know how to do the cool bold text thing but I guess you can tell what I'm doing.

Good luck in your travels.
ATA
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