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Strategies & Market Trends : Classic TA Workplace

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To: wave3rules who wrote (134317)	7/13/2006 12:16:23 PM
From: sitkapacific	Read Replies (1) of 209892

There are several indicators showing that this last several years of rally is extremely weak and the smart money index shows a steady outflow of smart money. That is more in line with a wave 2 not a wave B Hello Wave3, The decline in the Dow from 2000 seems to me best counted at a expanding wedge wave 4. It's always baffled me how Prechter thought this was anything else. With that in mind, the move up from the 2002 low is most likely a wave 5 - one that may have truncated and ended in the recent double top. How's that for bearish?! -ggg Brian

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