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Strategies & Market Trends : Classic TA Workplace

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To: Galirayo who wrote (116307)	4/10/2005 9:23:55 AM
From: The Freep	Read Replies (2) of 209892

But Ray (and Illyia) -- that triangle is being labelled B of C. But C's aren't ABC in structure -- they are impulsive. Also, I'd note that I am pretty sure E wave triangles like that can only be in wave B or wave 4 position. Since there can't be B of C, then it's gotta be a 4... yet where's the 2? That said, some sorta variant of Illyia's pattern could be a (sloppy) ED with a final move down to her lower blue trendline (perhaps with overthrow). Then her whole 5 wave move marked pink A becomes the entire C down, complete with ending diagonal. We'd then move up for a lonnnnnnnnng time. And if it's not a triangle, and we're pointed down, then it's probably just a wave 2, as we discussed Friday, and we are now starting 3 of C down. Ick.

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