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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (82827)	9/25/2003 1:17:40 PM
From: AllansAlias	Read Replies (4) of 209892

Far more interested in the elliott scenario that has a (iii) of iii of 3 down coming. This is a crash count. Just my person preference, but a long time ago I stopped allowing myself to believe in them. The odds are just too piss-poor. The other thing that is a personal rule of mine is to never sub-divide out past 'iii of 3'. Too many times I have kept sub-dividing to accommodate a down count, only to discover that I was looking the wrong way. So, like any rule it doesn't always pay, but if I am staring at a "(iii) of iii of 3", I recoil instinctively and ask myself what else it could be. [For kicks, I think we go back to/near today's low and then climb out into the close.]

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