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

To: At_The_Ask who wrote (61340)	12/11/2002 11:40:59 AM
From: Moominoid	Read Replies (1) \| Respond to of 209892

Yes my count is toast at this point. Buy the dip? I wasn't talking about your count but mine - I adjusted slightly and it still works - we are still completing 2 of 3 with a C wave this morning. Well if you get a series of ones and twos then you get a three eventually and a four five four each 1-2. It's what happens when the three extends. I tend to be wary of large scale 1-2-1-2 counts as they imply mythical three downs and those are usually just bear dreams. That is what I thought - just checking - Prechter/Hochberg have the SPX count from 2000 as 1,2,1,2 which I find a bit extreme :P I'm just thinking that the second 1 I labeled is too short to be 3 or C given the length of the 1 or A that I labeled as my first 1. But you never know... Weekly stochs still have a ways to fall... David