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Strategies & Market Trends : Classic TA Workplace

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To: patron_anejo_por_favor who wrote (68602)	3/16/2003 5:30:31 PM
From: nspolar	Read Replies (2) of 209892

patron, I did a quick count of the implications voiced by Roffey. Very interesting I would say. ttrader.com The conventional counts generally have the 5 = I as a 3. However this does not work on the XAU as the 4th corrected so far it is a violation, and a major one. I don't believe this count results in any violation, in either the HUI or the XAU (maybe someone could help here?). The other thing I do not like about most of the conventional counts is that the last A to B sequence shown would be a 5th. But it seems too short in time to be valid, imo. About the only thing I do not like about this count is the length (timewise) of the 4, but I doubt that is a major issue. Everything in general seems to follow the rsi patterns quite nicely. I wished I had thought of this count before, I have to admit I had not. However I was always uncomfortable with any other LT counts, including my own, and still am. They just did not seem quite correct. I had always thought this giant correction we have been in had to be some sort of primary correction, like a 2. It was and still is major. Who said PM's are not tricky? My strategy remains the same, in any event.

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