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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (71605)	4/17/2003 7:06:59 PM
From: AllansAlias	Read Replies (1) of 209892

This should be 'v of C'. Before going to England, I thought we should see a 'iv of C' lasting 2 weeks. The putative 'ii of C' was sharp and 13 trading days (2-1/2 weeks) and this 'iv of C' looks to have flat and 14 trading days (nearly 3 weeks). The simplest count then, is that we are indeed in 'v of C'. Who the hell knows what the wiggle/intraday count is. The most important feature just now is not Elliott; it is technical -- the downtrend line off the Dec high on NDX; we have the two defining bars and then two other touches, including the close today. All the best for a happy weekend. I'll be spending a good deal of it at church, and, the truth be told, that pleases me enormously. Cheers

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