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To: Moominoid who wrote (57822)	10/26/2002 3:26:37 PM
From: Shack	Read Replies (1) \| Respond to of 209892

I don't think this postulated wedge is either a triangle or ED And what I am saying is that a wedge doesn't have to be anything more than just that..a wedge. They exhibit certain repeated behaviours regardless. They can be B's, ED's or as you say just various patterns which have created that shape. But they behave in the same manner no matter where they are in an Elliott count in that when they break in the direction contrary to the slope of said wedge, they return to at least where they started. Here's a picture of what I am talking about: marketswing.com This wedge was nothing more than part of a complex flat back in early October. It broke and returned to its start. This could easily happen again on the COMP. Trying to look at all wedges as some sort of completed wave in Elliott is incorrect, it could just be part of something larger. All I am really saying is not to ignore at least the short-term implications of a wedge.