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To: Chip McVickar who wrote (6596)10/31/2001 4:52:00 AM
From: Moominoid  Read Replies (1) | Respond to of 8150
 
Yesterday is the first day really to break out of the uptrend channel that already existed so that suggests to me that that is a significant wave. 10/26 is top of 5 of 1 then., or maybe that is a B in a running correction. If former, do we then have an "extended 3 wave"? 2 very helpful rules is that 3 can't be the samllest wave and 4 and 1 shouldn't overlap. But a running correction whould be 3,3, and 5 waves (instead of 5,3,5). Whatever, it would seem according to an Elliott count the correction underway still has some time to run? But there are other possibilities still. So is this useful at all?

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