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Strategies & Market Trends : Classic TA Workplace

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To: spvies who wrote (164041)3/7/2008 4:30:19 PM
From: jjstingray  Read Replies (1) of 209892
 
Unfortunately you do not count from the top. I drew a circle with where the stock will probably go and pull back if this setup is in play. Also, your line just above the gap up at $104 is incorrect. You start drawing the line from the first move off of the top. See my line at $97.50. Then your next line will be at the top of the move from that wave. See my line at $105. Now you just pick oscillating waves.

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