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Strategies & Market Trends : Classic TA Workplace
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To: Henry J Costanzo who wrote (201302)1/6/2013 12:39:50 PM
From: h_  Read Replies (2) of 209892
 
I would insist that Frost and Prechter in their book state wave 4 cannot overlap wave 1 anywhere in a 3rd wave (which the diagrams clearly show) and that its position where it ends with respect to overlap is not particularly relevant to the classification, other than it can't overlap there either. If you allow wave 4 to overlap wave 1 anywhere other than at its endpoint, you've opened up the possibility for a wave that goes below wave 1's start as well haven't you? There wouldn't be much of a rule left if overlap were allowed within the wave. Do you know of any other E-wave practitioner that holds your interpretation?

P.S. I own a first Edition (1978) of "Elliott Wave Principle," which appears to be autographed by Frost himself, dated January 1979, and he's struck out "and Prechter" on the second title page. Did they have a falling out in this period?
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