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Strategies & Market Trends : Longer-Term Market Trends
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To: NOW who wrote (549)5/18/2008 5:33:06 AM
From: skinowski  Read Replies (1) of 3209
 
such series of 1's and 2's are likely to mislead and to turn out to be something different

When waves overlap and we start counting series of 1's and 2's - we enter the realm of hope. More often than not the large "3" will not happen. It will fizzle. It MAY happen, but the odds are not good enough. Been there, done that - too many times.

Right now, in other words, HUI is just as likely to rally as it is to decline - or, to range. All we have for the moment is a zigzag down, and a bounce in progress. No edge -- no setup.
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