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Strategies & Market Trends : Classic TA Workplace

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To: elliottrules who wrote (170577)8/19/2008 10:53:44 AM
From: The Freep  Read Replies (1) of 209892
 
Hey, ER -- I don't happen to think it's a wave ii, but it's surely possible. Still, my question is... how do you break down the move since the top of your 1 up? If it's an ABC, the C down has to be a five wave impulse, yes? So, while I can count an AB off that top, I'd put us somewhere still in the C... and it doestn' have a lot of wiggle room (ha!) to finish five waves without challenging that low....

What makes you think the ii is done here?
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