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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (57815)	10/26/2002 11:40:01 AM
From: At_The_Ask	Respond to of 209892

I agree. A non elliot wedge is not wedge. Others may see it as a wedge and act based on their perception, but they are right for the wrong reason. They have merely faded an abc correction,which is correct.

To: Moominoid who wrote (57815)	10/26/2002 12:11:23 PM
From: Shack	Read Replies (2) \| Respond to of 209892

I find the power of E-Wave is putting more structure on the classic TA I agree with this. Before I learned Elliott I often traded wedges that worked out for me in the manner which I described, they returned to the price at which they started, it was not necessary a terminal pattern like an ED. If we have to apply an Elliott label here, call them sloping triangles and they would appear in 'b' positions. In this case they are a continuation pattern in a larger abc.