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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: waverider who wrote (13849)	6/4/2002 9:02:31 PM
From: gold$10k	Read Replies (2) \| Respond to of 36161

WR, Wave 3 by definition is composed of 5 sub-waves. I believe that we are entering sub-wave 4 of big-wave 3. If you refer to this... bigcharts.marketwatch.com I count big wave 1 (up) from November, 2000 to May, 2001... then big wave 2 (down) from May, 2001 to November, 2001... then big wave 3 (up) from November, 2001 to ? (probably September, 2002). There are 5 waves to an impulsive sequence (within an odd-numbered wave of the next higher order of magnitude) and 3 waves to a corrective sequence (within an even-numbered wave of the next higher order of magnitude). Can you see 5 sub-waves (up, down, up, down, up) within big wave 1? Can you see 3 sub-waves (down, up, down) within big wave 2? Can you see 3 sub-waves (up, down, up) so far within big wave 3? That would imply that we have 2 more sub-waves (down, up) within big wave 3 to complete its 5 wave sequence. If this script plays out, big wave 4 would be a relatively lengthy down wave composed of 3 sub-waves and after that big wave 5 (up) would be the one they talk about at cocktail parties (the general public generally only figures things out by the time of big wave 5). Hope that helps, vt