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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (31560)3/9/2003 1:20:53 PM
From: Challo Jeregy  Read Replies (1) of 57110
 
see this?

stockcharts.com

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I am looking at the nasd monthly chart-

In my very unlimited knowledge of e-waves and just simple charts and trendlines, could we just possibly be ending a wave 2 of 3 waves, wave 1 starting from Oct low?

wave 1 low to high - 1108 to 1521 = 413 points
to wave 2 low - 1521 to 1261 = <260> points
if wave 3 = wave 1, 1261 + 413 points = 1674

1674 would be very close to touching under the trend line from March 2000 high of 5132, and Sept 2000 high of 4259. It would also create another huge wedge/triangle/pennant -

stockcharts.com

waveignorant.com
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