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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	9/25/2003 8:20:18 AM
From: skinowski	Read Replies (1) of 209892

Looking at the daily chart of COMPX over coffee I can see that there is a good chance that it will be used in the future in more then one Elliott textbooks. A big "A" up from October, a "B" into March, and then the big "C" - W2 down into April, a beauty of a W3 until July, and then, after a correction, a very nice W5, equal to 62% of 3. To confirm this bigger picture, the index must go below the origin of W5, which is ~1640. The low of 4 of the last impulse (4 of 5 of C) is nearby, at 1819. After all the talk about EW "not working" we may end up with a plain simple textbook formation.

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