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To: John Pitera who wrote (58177)8/24/1999 10:09:00 AM
From: Bull RidaH  Read Replies (1) | Respond to of 86076
 
John,

You are correct, there is a little overlap there. But EW guidelines say wave 4 CAN overlap into wave 1, but by no more than 15% of the size of wave 3, and not stay overlapped for more than a couple days. 1359 or so is I believe the overlap point.

I would probably go with your count if we break yesterday's NYSE closing high... But so far, it ain't happening! <g>

BRH