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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (72068)4/28/2003 2:19:43 PM
From: AllansAlias  Read Replies (4) of 209892
 
Do people actually consider this triple top in the Dow to be a shorting opportunity?!

I thought we'd come at this later this week, but hey, I was just wrong, as the NDX 'big C' wants no prisoners it would appear. Triple top gets taken out starting today. I expect we'll come close before the close, but do the real business later this week.

For those learning Elliott, the move out of Friday's low on NDX is right out of the textbook. A 30min chart is a good one to see it.

Textbook characteristics:

1-2(sharp)-3(strong)-4(flat)-5,
with 2 & 4 comparable in time.
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