Classic TA Workplace Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Galirayo who wrote (137721)	10/20/2006 9:07:25 PM
From: skinowski	Read Replies (2) of 209892

Yes. Maybe I'd give it a little wiggle room, but that's the basic idea. That top may have been Wave 1, followed by a pullback, and then a more recent fiver UP. If we are in Wave 4, it should not travel below the top of "1". And if it does, it becomes more likely that the rally from the Sept low was not a 1-2-3 but an ABC. It is still possible for the decline to go below the Wave 1 top without breaking the bullish count - if the rally from Oct 4 was not "3" but only 1 of 3. But... in this case the odds would begin to turn against the bulls.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next