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To: velociraptor_ who wrote (28301)1/15/2002 10:56:01 PM
From: At_The_Ask  Read Replies (1) | Respond to of 209892
 
I may take the time to do a more in depth chart tonight. I did review it in deference to your post, as I value your opinion highly. However; even on a five minute I didnt find any problems aside from the 1 of 3. There are a couple different ways to count it, but none of them are truly ideal. If you count it as an extended fifth the one is .5 of the 3 which is .78 of the 5. Not pretty or ideal, but not invalid. Or you could count the big spike as a huge b, unlikely but not invalid. Look at Prechters hourly of the DJIA on page 83 of the wave principal. It's quite ugly and disproportional but its obviously not invalid. Also note the tremendous size difference between the 2 and the 4.

It may not be the correct count as far as prescience but it I maintain that it is valid. Perhaps the abc method is best but, I belive it's a c wave so I must try to count 5. If one looks closely enough at the wiggles of almost any non ideal move you can say it has three or five waves. The truth is we won't know for sure till it's over and maybe not even then. I'm just hoping to survive earnings season as it's probably going to be jello at best.
Happy trading!
ATA