Shack, I'm looking at the BTK chart (as it works as a canary for the COMP) and I can't figure what to make of this flag off the May lows:
stockcharts.com[h,a]daclyyay[d20010921,20020529][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li14,3!Lh14,3!Lp14,3,3!Ll14]&pref=G
It appears to have 3-clean waves down from 453, but I get messed at what's after that.
I'm trying to figure a target for an ED. Without the extension last week, I'd have figured the flag a perfect 4, but now it looks a bit out of whack.
Furthermore, the ED target seems a bit too low based on the 1st and 3rd waves. The rest of the chart seems to count pretty well, except the topping process after the 5-waves up from the Sept. lows.
BWDIK, I'm an amateur. If Prechter wrote in to Forum maybe I'd read his stuff once in a while <G>. |
