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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: the Chief who started this subject1/11/2003 1:29:51 PM
From: tekie2k  Read Replies (1) of 62347
 
JUST FOR THE BORED...
this is regarding chart c4 at
stockcharts.com
hi mat, nice site, thanks. just wondering if you find the forming 1-2 wave in your nasdaq wave chart a little unusual. i would suggest that you are not in a 1-2 formation, but, the forming of wave 5. ie, i have a 1-2 wave formed on 10-15 and 10-16 (just to the left of your boxed A label). wave 3 (composed of 1, 5 wave impulse with a 5 wave impulse in the 5th wave) is complete at your boxed C wave. wave 4 is complete at your wave 1end. and that makes your wave 2, more likely a 5th wave in a 5 wave impulse. i believe this pattern is more consistent with ewave readings and also more consistent with taking out the inverted head and shoulders pattern that has broken the shoulder twice (now in the second break of shoulder and looking for the head breakout). and more consistent with the current market strength. would like your opinion if you dont mind. have a good one. tk2k
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