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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (624)	4/23/2001 10:14:20 AM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

Yes, I have a tortured count that works for Friday's last little wiggle and the turn at 2pm that obviously bothers both of us. Your COMPX comfort target of 2080 kills me. I posted the same notion on another board first thing this morning. (I think I said 2070, but we're looking at the same structure I am sure.) In the end, I don't care if the last few percent/wiggles of a big move are a little cloudy or imperfect. I say trade what is favoured until proven wrong and then go back later for a post-mortem for educational purposes.

To: Perspective who wrote (624)	4/23/2001 10:54:18 AM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

To all: This entire message is the sort of thing to check out after hours... BC, One could ignore diagonals and still trade very successfully -- obviously. I don't want to sidetrack the trading today with this sort of thing, especially since these are quite rare. Diagonals usually occur in 5th's or C's as you noted, but they can also occur less frequently in 1's and A's. They are AFU because they look like corrective structures (move in 3's instead of 5's) and the waves overlap. The lines (pattern) have to converge wedgie-like, waves 4 and 1 overlap, they trace out either a 5-3-5-3-5 or a 3-3-3-3-3. Diagonals show up more often in the wiggle charts, not in high degree wide-timeframe moves.