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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (57526)10/24/2002 12:49:01 PM
From: Bull RidaH  Read Replies (2) of 209892
 
Nice call on yesterday's late rally being the start of a 'B' wave. Here's what I have for this entire corrective starting from Monday's closing highs:

carolantic.homestead.com

This is obviously a 24 hour chart of the s&p futures, which I believe is necessary to use to get the correct count on smaller subwaves.

The entire correction looks to be an expanded flat, with wave C beginning off this a.m.'s 905 peak on the futures. It looks to be completing in an ending diagonal with the 3 wave move into the 893.20 low being the 1st (or "a") wave of the ED. Nice 3 legged move up to the 11:40 a.m. high for wave 2 (or "b"). Looks like this baby completes near the close or early this evening in the mid 880's probably?
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