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Strategies & Market Trends : Classic TA Workplace
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To: Henry J Costanzo who wrote (200008)10/5/2012 3:24:18 PM
From: hawkeyefan  Read Replies (1) of 209892
 
I assume you are aware the market has taken some selling.

Feel the triangle scenario will be correct.

The two other scenarios I can think of are that this could be a flat and this will be "c" down from 1474, but the corresponding "2" is a flat so this can't be. Or we had 5 waves up from 1264 but I can't count enough waves for that plus the off 1474 was a three waver initially.

I suppose we could have fives up from June and this would mean this correction would be more substantial, but again it started off as a three waver.
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