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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone)

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To: Henry J Costanzo who wrote (726)11/18/2002 3:14:43 PM
From: Moominoid  Read Replies (1) of 2852
 
Dow INDU: Wave 4 down of the advance from 10/10 bottomed at 8299 on 11/13. Wave 5 should now advance to 9016 if wave 5 = wave 1. That would take us into resistance from the 200-day SMA, from the DT line from the March highs, from the late June/early July congestion area, and also retracement of about .62 FIB of the March-October decline.

If wave 1 is where I assume it must be in mid-October then that is an illegitimate count as wave 4 overlaps with wave 1. And likewise the same for your NAS count.

BTW from 5pm EST today elliottwave.com is giving a free week.

Sorry, also an amateur with computers, so haven't the foggiest idea how to post a chart.....

Can you make one? Or just not post it? Because in latter case you could e-mail me.

In former case you can sign up for stockcharts.com and thent hey let you annotate charts and show other people online.
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