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Strategies & Market Trends : Classic TA Workplace
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To: tjkong who wrote (135461)8/10/2006 2:07:19 PM
From: bcrafty   of 209892
 
tj, there's no debate that "the C wave of a flat can be an ED."

But although we can all count five waves since the July low, they're overlapping as mc mentions, as the 7/20 putative wave 1 high of 1262.56 was overlapped by putative the 7/27 wave 4 low of 1261.92, so that would seem to invalidate that count.

Nevertheless, I think the move up from June is done anyway, notwithstanding E-wave intricacies. <g>
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