Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bull RidaH who wrote (8175)	7/26/2001 11:21:37 PM
From: velociraptor_	Read Replies (2) \| Respond to of 209892

From what I have read in Prechter's book, only ending diagonals can have overlap and these can be in position 5 of a 5 wave move or in position C of an a-b-c correction which takes the form of a 3-3-3-3-3 wave structure. In the DOW , I can trace out a 3 wave structure in 4 of the 5 waves, with the 5th unclear and in the Naz with at least 2 waves (one up and one down), and in the SPX in at least 3 waves, whereas 5 waves are a bit unclear in some areas. Judging from the position on the charts, it's not likely that it's in the 5th wave and thus more likely in the c position. Overlapping waves can also occur in leading diagonals which occurs at the wave 1 position or in wave A of an a-b-c correction. The problem is there are a few spots where I cannot count 5 waves where they should be, and leading diagonals have a 5-3-5-3-5 structure. As far as extensions go, I think even they have to conform to normal elliot wave guidelines. They only extend a wave. Overlapping cannot occur. Perhaps there may have been something I missed, but this is what I know.