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Strategies & Market Trends : Classic TA Workplace
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To: Henry J Costanzo who wrote (207482)12/13/2014 1:25:01 PM
From: POKERSAM1 Recommendation

Recommended By
NOW

   of 209892
 
Henry = Sorry my friend, I somehow got the wrong board. Here is my response to you.
I know. That's fine. Your count is a possibility. If your green 3 reaches 2170 your count will become probable.
Why? At 2170 your green 3 will reach 1.618 times your green 1. Statistics show that 3 equals 1.618 times 1, 83% of the time.
Statistics also show the a wave C of a zig zag seldom reaches 1.618 times A.
So strong evidence will be available soon that the three waves up from 666 is either an ABC or a 1,2,3.
The move from 1074 up will either be too long for a likely C or too short for a likely 3.
At the present time that three waves up from 666 can be either one. The ABC that went from 1573 in 2000 down to 666 could be a flat wave a of a larger sideways correction and the three wave up from 666 is an abc of B.
OR that ABC ending at 666 could be all of the correction and the three waves up from 666 is a 1,2,3 as you label it.
IMO, the market will let us know which is likely correct soon enough. IMO till the market speaks, our difference can only be attributed to our bias due to our view of the fundamentals and other TA evidence, not EWP.
At this point, EWP supports both views.
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