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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (38981)4/10/1998 10:11:00 AM
From: SE  Read Replies (2) of 58727
 
I have done some preliminary reading on the Elliot Wave since Plonk's posting and tried to follow along to learn something. It looks difficult at best. However, that being said, I have also been amazed at the intra-wave accuracy he has predicted and yesterday was actually wondering about 1 pm cst if he got the ABC correction screwed up and that we would be starting the C point up yesterday afternoon, not ending it. That is the hard part...when does one end and the next begin, there are subtle variations and one mis-read can kill ya. You have gone further in your analysis than I have, do you know how the timing of the waves is predicted? Where did the 6.5 or was it 7.5 day down window come from? Why only that many days?? Why not a bit longer or a bit shorter???? How does the timing work.....if this keeps getting pushed out further and further, the Aprils will die a slow death...along with many who decided to go for it.

Concerned? You bet. I hope nobody bet the farm. This is pure gambling time one week from expiration. I will sing his praises if he gets this one right, but anyone is only one chart read away from being a "has been" if the farm was bet.

-Scott
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