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Strategies & Market Trends : Waiting for the big Kahuna
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To: Investor2 who wrote (17554)4/28/1998 10:42:00 PM
From: RWS  Read Replies (1) of 94695
 
All waves at all degrees whether up or down consist of main impulse waves which break down into subdivisions 1,2,3,4,5 and corrective waves which breakdown into subdivisions a,b,c.

The degree of the wave indicates its level in the hierarchy of time span or size. For example the present 5th degree wave started in 1994, the 6th degree wave started in 1987, the 7th degree wave started in 1982, the 8th degree wave started in 1932, while the 9th degree wave started with the industrial revolution in 1750-1850.

There may be disagreement on exactly where the lower degree waves started, and perhaps some disagreement on other degrees but you can get the idea of degree from my description.

Hope that wasn't too convoluted.

RWS
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