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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (147951)	8/13/2007 10:53:32 PM
From: Shack	Read Replies (1) of 209892

You mean 2003 low. Are we looking at the same chart? Where in the world do you get 5 waves? There's nothing even remotely resembling a wave 4. A wave 4 should be at least as long as a wave 2 and generally be alternate in structure to that wave 2. Yes all e-wave is subjective but It really doesn't get any clearer than that Henri. I've been "waving" a long time now and that is the clearest pattern i have seen...well...probably since RIMM in 2003. Its a perfect 3 waves complete with ending diagonal. I plan to play that thing down to $3 if that's where its going, and at this stage I think it is...but one wave at a time.

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