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Strategies & Market Trends : Classic TA Workplace

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To: wave3rules who wrote (134317)	7/13/2006 12:40:32 PM
From: Henry J Costanzo	Read Replies (1) of 209892

FWIW, W3...... I see no basis for thinking DOW has completed a plain old TA double top....which btw would signal a major, major......uber-bearish move.....(5000, anyone ??) In the broad indexes, I am still calling this a 5 wave up ftom 2002......with the market presently in the final 5 of V up....I do not buy..as I indicated before.....your A down 2000-2002 and B up 2002-May 2006. Those would indicate a corrective pattern from 2002, and I am calling that pattern impulsive... Here's an old chart of mine....from last Feb....... which illustrates my thinking (ignore the time placement of what I have labelled "4 ??"...I'm assuming that we are still..... now .....working to complete that "4"....)

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