gem-x's incredibly accurate Elliott Wave forecasts. 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 : gem-x's incredibly accurate Elliott Wave forecasts.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stcgg who wrote (1826)	2/5/2002 12:49:16 AM
From: Moominoid	Read Replies (1) of 2290

This where I am getting confused: Wave B must retrace more than 70% of Wave A. You said that wave A has three waves down from Mar 2000 to Apr 2001. Then we are in wave B and you say it has now concluded we are in C. But wave B does not then retrace more than 70% of A. So we can't be in a flat and therefore we need 5 waves down from Mar 00 to Apr 01. I can find 5 easily, but that chart you told me to look at was labelled C at the bottom in April, which is what I was querying. I think we are in a zigzag correction. 5 down to Apr 00, then 3 up and we are in C of B, which should have 5 waves as it is a flat. They could be complete giving us a running correction wave B, but I doubt it.... because the Jan 9 wave is a new high for the move on COMP but not on NDX. So it could be wave 5 of C on the COMP but would need to be a 2 on the NDX, then we are now in a 2 on the COMP or 4 on NDX. I don't like that unalignment of the two indices. So instead I have wave 2 of C on both COMP and NDX with 2 an expanding flat on the COMP and a zigzag on the NDX. Here is my latest chart: cres.anu.edu.au

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next