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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (134310)	7/13/2006 11:03:57 AM
From: wave3rules	Read Replies (3) of 209892

New to the board, but not to TA. A question, i have glanced the messages and it seems many are viewing this action a corrective, IE ABC with C winding down and markets to resume bull market and make new highs. So 1st question is where do you see the next higher wave count, is this ABC a wave 4 in that picture.. I personally go with EWI count is this is beginning of wave 3 down going back to 2000 where the bear started. If that is correct then for the DOW we have completed wave 2 of wave 3 circle down and are going into a 3 of 3 down and if correct these markets are going to sell off hard and it will be clear to all this is not a correction, but a resume of the large bear market started in 2000 Interested in views on that wave structure.

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