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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (39414)9/3/2002 4:39:09 PM
From: Paul Shread  Read Replies (3) | Respond to of 52237
 
Short-term, we're probably close to an ABC bounce before more down. I assume you know there's rarely just one 5-wave move down (corrections happen in three waves); they usually come in pairs or more. A 5-wave move down is likely just the 'A' of an ABC correction. We'd get a 3-wave B bounce, and then a 5-wave C down. Assuming that C isn't a 3, that would be it. That's just the basics, which is about all I know. ;-)


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