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Strategies & Market Trends : Classic TA Workplace
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To: Henry J Costanzo who wrote (138672)11/20/2006 2:57:28 PM
From: skinowski  Read Replies (2) of 209892
 
I don't think these small wiggles of the past few days are "countable". It is entirely possible that this morning's high was the end of the W3 impulse which started on 11/10. That would put us in the early stages of the 4th wave, with 5 to follow. Or, we may be already late in W4.

Other interpretations are possible. All in all, I think we are close to a point from where a decline may prove to be more substantial than any of the past several months....
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