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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (117523)	4/25/2005 1:34:21 PM
From: The Freep	Read Replies (1) of 209892

I do think it's an impulse, shack, I just don't know how one counts it as "complete" since there appear to be NO wiggles at the degrees I'm looking. I guess it's the action following the top defines it in wiggle terms. But my point is that on any larger timeframe it's hard to know if it's "a full impulse". Tell me, on a 60 min, how do you count the SPX off the low? You can't count the first move as 5 waves, agreed? The low on Friday was below any possible top of any sort of 1 up, so it couldn't've been a ii of 3 or anything. What's your count?

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