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To: yard_man who wrote (48304)7/31/2002 11:51:52 AM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
No. I am going to stop posting now for a while 'cause I am getting frustrated and that is not productive for me or anyone else who might be glancing at my ravings.

If we get a new high in the Dow it will make 5 waves up in the non-wiggles. That is decidedly not bearish and changes everything. It implies strongly that what we are seeing is only the first leg and we won't see new lows for many weeks if at all.



To: yard_man who wrote (48304)7/31/2002 12:13:55 PM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
tippet, "a wiggle compared to what follows"

I think we need to respect definitions here, and respect the fact that Allan is defining his timeframes (something too few people here do). Allan and Shack have more or less previously defined a "wiggle" as a movement in a chart of less than a 15-minute timeframe. In other words, movements in 1, 5, and 10-minute charts are "wiggles," and movements in 15-minute, hourly, daily, etc., charts are not "wiggles."

When one tries to make comparisons to the movements Allan is speaking of and weekly or monthly movements, it is no wonder he is frustrated in trying to get his point across because his post didn't concern larger timeframes.