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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?


To: Chip McVickar who wrote (6047)10/15/2001 5:27:33 PM
From: da_cheif™  Read Replies (3) | Respond to of 8150
 
+1..-1.....btw...all the "V".s ya want at www.wickedweasel.com. lol



To: Chip McVickar who wrote (6047)10/15/2001 5:34:00 PM
From: j42231  Read Replies (1) | Respond to of 8150
 
Chip--my thoughts.......

Wave two's usually retrace deeply--but they don't have to. Also there does not appear to be alternation in the corrective waves in the rally thus far--suggesting the possibility of subdividing one's and two's.

However I think that the count given in the chart you linked to is the more likely one--we are in a wave 4 of some degree--and need another wave up to complete.

Evidence that we may not have completed wave four is also seen in the chart I have linked with the 5/35 MACD--one of my favorites. It has not yet dropped below the zeroline--allowing the further possibility that we are still only in wave 4 of extended three:

charts-d.quote.com:443/968982955280?User=demo&Pswd=demo&DataType=GIF&Symbol=CME:$INDU&Interval=65&Ht=400&Wd=800&Display=2&Study=MACD&Param1=5&Param2=35&Param3=5&FontSize=10&BgColor=0.255.0&TBgColor=0.255.0

Although the current moon is dark--it will soon be harvest bright.
Rooty-toot-toot for the moon : )

Joanne



To: Chip McVickar who wrote (6047)10/15/2001 7:29:27 PM
From: GROUND ZERO™  Respond to of 8150
 
The V wave I was talking about is the V bottom... there is way too much conjecture in e-wave theory to make reliable and predictable sense for my comfort..... look at Prechter, the e-wave man himself, who has been calling the top since DOW 1500.....

GZ