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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone) -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (349)	12/29/2001 6:23:29 AM
From: Moominoid	Respond to of 2852

The reason I don't think that that top on 6 Dec is wave 5 is because wave 3 on the NAS is a leading diagonal and therefore only the beginning of an extended wave 3 IMO. So the next hypothesis would be that it is 3 of 3, but it has been almost completely retraced and that means 5 of 3 will have to be bigger than 3 of 3, which also breaks the rules. So I see it as actually the B wave of 2 of 3, we should now be just starting 3 of 3 in the last several days. 5 waves down are complete from the Dec 6 high as would be expected, though they overlap. All the other TA I look at supports this interpretation.