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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote (6752)	3/19/2005 10:08:16 PM
From: Walkingshadow	Read Replies (1) of 8752

Yes, I agree... that's the only value I have ever found from Eliot Wave theory, namely that the retracements are potential reversal points. I don't think we'll see the 100% retracement hit. I might be wrong about this, but I believe a 100% retracement only occurs when there is a major trend reversal, and I see no evidence at all that the major trend (uptrend) is threatened. T

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