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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (11204)	11/21/2001 7:37:27 PM
From: Shack	Read Replies (2) \| Respond to of 74559

I don't buy that wave 'A' is done because the putative wave 5 down off the May 22 high violated all sorts of Elliot principles David. It is choppy and overlapping which is more indicative of corrective waves, not impulsive. However the move off of Sept 20 is indeed impulsive in nature. Since this rally has followed what I believe is a corrective move, I believe it is a 'c' of '4' or part of a larger 'c' of '4'. Both a cycle 'B' or a 'c' of '4' would have the same structure in the beginning so we won't know who is right until either the Sept lows go, or Nasdaq 3100 goes. As for our bearish slant, you're right about that. We/I generally never play the rallies that well and it is something I need to work on. But you and your bullish e-wave collegues never play the declines right. Look at a two year chart of the Nasdaq, who do you think has done better. As for gem-x, he said he would never post again if the April lows were taken out. Why is he still around? Again, e-wave is not about being 'right' or 'wrong'. It is about identifying low risk set-ups. I am not ready to short this rally in size because the e-wave count I have tells me it is not done. Even my most bearish count tells me it has more to go, bull or bear. That type of analysis is what e-wave is about for me.