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Strategies & Market Trends : Classic TA Workplace
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To: Moominoid who wrote (63587)1/13/2003 10:34:38 AM
From: Perspective  Read Replies (2) of 209892
 
Based on the action, I think you're on to something. However, it's probably just an "abcde" contracting triangle "b", the upward leg of the downward correction started late Jan. 6th. This would bring a "c" on now.

If it is an ED (for that matter, how can you tell the difference - both are 3-3-3-3-3, right?), then we have three waves down off Dec. 2nd, followed by three waves up in the new year. Contracting triangle forming?

If you have thoughts on how that would fit into the bigger picture, I'd like to hear them.

BC
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