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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (66899)	2/20/2003 11:46:05 AM
From: Perspective	Read Replies (1) of 209892

Seriously, I do think one can waste a lot of time trying to figure things out when price is just "ringing" like the underdamped control system that it is. WAIT FOR THE IMPULSES. Wait for the tide to flow. For me, Elliot tells the potential shape of the price response to a liquidity stimulus. You're trying to view the tidal flow without the choppy waves on top clouding the picture. There is no tide flow right now. Yes, I see the up move off Thursday's low as corrective - only two distinct pushes, but the down has been even more sluggish, on even lower volume. Is today's move impulsive? I don't think so. Show me some volume. Show me synchronization of the indicies. The pattern may be there, but many things are missing. BC

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