Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (18871)	5/11/2002 7:36:23 PM
From: Moominoid	Read Replies (3) of 74559

I was so dumb - I thought the correction was over on Wednesday but that was just wave A (a triangle) and then wave B was on Thursday (a triple wave or zigzag) and then we get the ending diagonal wave C on Friday on sell the news. If I'd realized that that was a B wave and not the start of wave 5 I would have sold pre-market at $2.30 and bought back at $1.65 later in the day :) The wave 2 correction the week before took 3 days so I should have expected this wave 4 correction to take the same length of time. We should now expect therefore three days of up (till earnings) in wave 5. That is 5 of 5. After that I expect the real big crash in ADSX. So Wednesday should be the selling opportunity. This works out well on my spreadsheet with my autoregressive indicators too as well as in E-Wave theory. David

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