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Non-Tech : Raptor's Den
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To: yard_man who wrote (2370)8/1/2002 1:14:52 PM
From: velociraptor_  Read Replies (1) of 10157
 
I can see how that could be taken out of context. Sorry...what I meant is if there is a break of 1290 first, before it goes to a new high, then there likely won't be a new high. The move below 1290 will overlap with the initial high off the low and you can't do that in a bull wave. A new high has to be made before the break to get a valid 5 waves that is bullish.

Of course, we already know it will happen because we have lots of other evidence to suggest this is not a bull count anyway.
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