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Strategies & Market Trends : Classic TA Workplace
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To: Jorj X Mckie who wrote (63506)1/11/2003 3:54:47 PM
From: UnBelievable  Read Replies (1) of 209892
 
It Would Be Possible That 5 Waves Down That You Identify

All comprise the a wave of the abc correction.

If this were they case they should be shown in the blue which you are using to designate the next lower order. Under this count the red a would be in the same place that you are showing the currently red 5 to be. The 5 would still be there as well but it would now be a blue 5.

This is generally a much more bearish count than many practitioners have been willing to embrace although not difficult to imagine nor would it be inconsistent with wave analysis rules.
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