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To: Shack who wrote (61995)12/17/2002 10:59:49 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
You are talking all about the A here- right (in other words, the 3 wave retrace you are looking for after the X wave would be a "b" of A...

If so, this raises a more interesting question for me..is there time (or is the timing right?) to complete a "b/c" of A in the next few weeks? I'd think-at a minimum, Xmas/New Years will be some sort of flat/up....and I don't see how that fits into your count (since it looks like a "c" of a would be transpiring? Or are you thinking Xmas ralliers are full of it?



To: Shack who wrote (61995)12/18/2002 6:57:35 AM
From: the-phoenix  Respond to of 209892
 
Thanks for the Heads Up. The X Wave scenario actually makes alot of sense to me from a non-EWave perspective. Have been having a hard time reconciling myself to a hard down right here, right now.



To: Shack who wrote (61995)12/18/2002 10:22:09 AM
From: the-phoenix  Respond to of 209892
 
I covered my ES at the .786 retrace of the flat this morning. I'd rather wait and see which scenario plays out here. If it is a "C" down, should be a couple opportunities to get short along the way. If the X Wave happens, well, I have some profits locked.