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

To: augieboo who wrote (63014)	1/8/2003 2:52:08 AM
From: At_The_Ask	Read Replies (2) \| Respond to of 209892

You've pretty much got the idea. As for your question about the height's of the a's and c's. I assume your asking that because they aren't the same proportion--Identical--if it matters? I tend to think not. It would be more perfect if I could produce some nice fib ratios or whatever and they may be there but I just haven't looked. David Stern has mentioned that somewhere on EWI Prechter said that if wave e doesn't retrace part of the large a down then you shouldn't call the structure a corrective. (Maybe he can elaborate) So maybe it's not. I tend to like it though. I'm mostly a "pattern recognition" trader and when I look at it, (especially the spx and dow), it says "expanding triangle". I'd like it better if the weekly one had a flat or rising top TL rather than pointing downhill but that IMO is no reason to trash it. Perhaps AA and Shack can throw in their opinions. As I said the alternate that I have I'm starting to like better. The net result for the forecast is still the same though. 970 or so max spx then down. If the comp is at 15 or even 16xx and the spx is at 970 and looks toppish then sell it too. Everything more or less travels in tandem. One thing too remember is that it may or may not make it back to the upper tl. I was thinking it would for a while but now I don't.