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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (117706)	4/27/2005 2:03:02 PM
From: skinowski	Read Replies (1) of 209892

Man, we've had soooo many reversals and reversals of reversals lately. But my question is... how can you count the move off the price low a a 1 up??? To quote ol' Dr. Freud, may he RIP, sometimes a cigar is only a cigar.... By the same token, often enough the simplest count is the best. Let me see anything which would not fit into the most basic of scenarios, namely, that we are in W4 off the March top. Even if today's rally proves to be an impulse, which so far is an open question, still, it will be no proof that the trend is reversing up. Much more is needed for that... It's probably smart to expect ranges (and/or, of course reversals) every time when an impulsive move comes to an end, like the one which ended on 4/20.

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