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To: alburk who wrote (61314)12/10/2002 11:31:03 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
More or less Andrew. I believe that the first leg down in this correction is in process on the SOX (an 'a' off the top of what will likely be a multi-week 'B'). I feel like it is not complete yet, but I'm not married to that scenario. Of course the alternate is we head into the abyss as the 3 wave move into the Dec 2 high would be a complete correction.

For me, the wiggle count gets muddled after Dec 4. It looks like there is a running correction in there but we should have got more down out of such a pattern, unless its still going on, or a new down leg began out of the Dec 6 high. I think tech is worth a short shot at SOX 330 if we get a nice 3 wave move into that level.



To: alburk who wrote (61314)12/11/2002 12:51:14 AM
From: jjstingray  Read Replies (1) | Respond to of 209892
 
Andrew, in your chart your c does not equal your a. Seems to me that the c has to go much further down. That is why thee has been so much talk about 1320, that would be the scenario whereby the c=a.

The B you have drawn looks like it is actually a ii of c. We should be in the iii of c right now which would give us instant down tomorrow. Should be sharp and fast. If it is not, that is a sign the read is not quite correct.