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Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?


To: JRI who wrote (2900)8/20/2002 3:40:52 PM
From: velociraptor_  Read Replies (1) | Respond to of 10157
 
It does, but you have to remember that even we start back to the downside for what could be an extended 5th, it will be in sets of 3 not 5. Everything from the highs earlier this year has unfolded in sets of three even in the bigger counts. It's something I noticed after a while from not being able to find good channels in the declines. My best guess is that we are unfolding a giant C wave ending diagonal to the downside so we'll have sets of 3 everywhere. Once we hit a bottom, it will end this phase of the bear market, but that bottom could be far off given the probably size of this C wave. I went nuts trying to find those dog-gone 5 wave impulses to the downside after we kept sliding until I came to that conclusion.