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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (38527)5/9/2002 1:18:22 AM
From: Shack  Read Replies (2) of 209892
 
Textbookworthy young jedi. I can only add that these corrections can (more often than not) take on more unpredictable shapes like expanded flats, double-3's or other freaky flattish/zig-zaggy things.

For instance, I defer to the Jan/01 rally which looks like its 'b' retraced 84% of the initial rise and then had a slightly imperfect triangle/diagonal for the 'c' which travelled 138% of the 'a' and took a lot longer.
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