Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: patron_anejo_por_favor who wrote (1424)	7/21/2008 7:52:32 PM
From: Moominoid	Read Replies (2) of 3209

Something like that. The only rules are that 3 can't be shortest and IV can't overlap with I. But you really need to start with daily charts and build up from there to see if you can find a count on this monthly chart. One negative against this count as seen on the monthly chart is that II and IV look pretty similar in form. The rule of alternation is that waves 2 and 4 should be different types of corrections. A count isn't invalid though if this rule doesn't hold. It's really a guideline only. In fact alternation means that it is likely that II and IV have quite different durations or amplitudes.

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