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Strategies & Market Trends : Classic TA Workplace

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To: UnBelievable who wrote (63520)	1/12/2003 2:34:11 PM
From: velociraptor_	Read Replies (2) of 209892

It is a valid count. Wave 2 cannot fall back below where wave 1 started but parts of it can (like the b of 2) move up past where wave 1 ended if it is an expanded flat or a running correction which can frequently occur. That said, I give very small odds of that being a correct count. In additon to the rules, corrective waves tend to have some sort of symmetry in their structure in terms of shape and time. In other words, it also has to "look" right. Usually the A and B wave have some sort of connection and/or the A and C wave have some sort of connection. That means they tend to be similar in time or have some sort of relationship in terms if fib extentions in regards to time and/or distance of waves. That particular count hardly has the right "look". The B wave is huge in relation to the A wave...by a factor of several degrees, not just one or two. You just don't correct 600 points in 3 months for an A wave and then correct 3500 points for a B over 18 months. That's a 6 fold difference in both price and time. And so far the C is even larger than that.

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