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Strategies & Market Trends : Classic TA Workplace
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To: Henry J Costanzo who wrote (135452)8/10/2006 1:32:06 PM
From: tjkong  Read Replies (2) of 209892
 
The C wave of a flat can be an ED. Prechter in his book (pg. 36) says "A very small percentage of ending diagonals appear in the C wave position of A-B-C positions" but in my experience it's not all that uncommon. And as Freep says, I can count 5 standard (non-ED) waves up in the SPX off the 18th low, with a "running"(upslanting) triangle wave 4 from 7/27 to 8/3. I'm counting those 5 waves as the C wave of a flat off the mid-June low (though I'm not betting the farm on that count--yet).
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