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

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To: Moominoid who wrote (1824)	2/4/2002 2:02:50 PM
From: Stcgg	Read Replies (1) of 2290

Flat Rules.. Within an ABC corrective Pattern (Wave B) - A Flat is a three wave pattern labeled A-B-C that moves generally sideways. It is corrective and counter-trend and is a very common Elliott pattern. There are 2 types, regular flats and running flats (where Wave C does not rise above Wave A) Wave A can be any corrective pattern except a Triangle. Wave B can be any corrective pattern except a Triangle. Wave B must retrace more than 70% of Wave A. Wave B is less than twice the price movement of Wave A, including internal points of Wave B. Although there is no minimum time constraint for Wave B, it must be less than 10 times Wave A. Wave C must be an Impulse or Ending Diagonal. Wave C must share some common price territory with Wave A. Wave C must be less than twice the longest of Waves A and B, including internal points of Wave C. Wave C must be less the three times the price distance of Wave A. Disallow back to back failures. Wave C must be no more than 10 times either Waves A or B in price and time. There is no minimum time constrains for Wave A. >><<

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