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Strategies & Market Trends : Waiting for the big Kahuna

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To: robert b furman who wrote (57450)4/3/2002 4:33:17 PM
From: Moominoid  Read Replies (1) of 94695
 
This is wave E of wave 2 in the move up (wave 3 in the sequence since Sep 21) from the Feb 22 bottom. This means that wave 2 should be complete and was a triangle type formation.

Alternatively we aren't in wave 3 since the Sep 21 bottom but on NDX we are just completing wave C of wave 2 which started on Dec 6. This was wave E of C. Wave 2 is a triangle and we then expect a short wave D up to the downtrend line and an even shorter wave E back to the uptrend line before wave 3 up commences.

Is this clear?

David
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