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Strategies & Market Trends : Classic TA Workplace

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To: bcrafty who wrote (136239)	9/6/2006 2:58:16 PM
From: The Freep	Read Replies (2) of 209892

Well, BC -- that overlap kills most bullish counts, too, other than the iii of 3 aspect (which I don't see anything else to support, imo). So given the messiness of it, I'd call it a correction, to be counted in hindsight. There's no great clarity, but calling the whole thing a B wave doesn't seem so wrong. Unlike Shack and MC, I don't see a lot to argue for the big move up here. But for me it's also too soon to jump on the big move down bandwagon (though today could easily be "the start of something" even if volume remains underwhelming).

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