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Strategies & Market Trends : Longer-Term Market Trends
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To: skinowski who wrote (2296)8/20/2010 1:38:22 PM
From: AllansAlias  Read Replies (1) of 3209
 
Skinowski is, as you would expect, right in these matters :)

However, it hardly matters. We have always subscribed to a "bite out the middle" philosophy here. It does not matter at all, for biting out the middle of an impulsive move, whether it is a C or a 3 -- no difference to a trader.

Minimum reasonable target is projecting that the putative 'C' would equal the down move of the brother 'A'.
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