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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (4333)	3/27/2001 10:58:36 PM
From: Jan Robert Wolansky	Read Replies (1) \| Respond to of 52237

Wave 3 is usually significantly longer than the other 4 waves. I use Advanced Get to help with the wave count. It is showing (on the weekly chart) wave 1 going from end March -late April 2000 (1 month), wave 2 from late April - beginning of Sept 2000 (4 months), wave 3 from beginning of Sept - March 2001 (almost 7 months), and wave 4 starting now until May

To: Paul Shread who wrote (4333)	3/28/2001 7:56:37 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 52237

Paul, Your EW count on the weekly Naz is valid. It could be argued that the 4 on your count is rather short compared to the 2, and it's more akin to the move from the August low to the September high. In EW theory the impulse waves (5ers) are in the direction of the trend, and the counter trend waves are usually 3 waves abc. If we've just completed a 5er from the top, as your count goes, then after a big abc correction up there will be at least one other big down move carrying the Naz to new lows. See my interpretation here: Message 15566928 ATG