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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (68916)	3/18/2003 5:35:55 PM
From: Shack	Read Replies (2) of 209892

Allan, the crux of your call here is the lack of a 'C' wave off the Oct low. But what if we DID actually get one? Here is a map if the XMI which counts the Nov rally as the 'C' wave which measured a clean .62 of 'a' and took us to 50% of the big March 2002 dump. ttrader.com Couldn't we just be seeing a 3 wave correction of the Dec 2 dump here? It sure would explain the some of the "less than 'C' like" internals we are seeing. It would be a corrective wave. You see this possibility?

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