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To: UnBelievable who wrote (63520)	1/11/2003 6:09:28 PM
From: Moominoid	Read Replies (1) \| Respond to of 209892

Wave 2 corrects Wave 1 - it doesn't extend it. The way he has B of 2 going higher than 1 just does not work. It is specifically precluded by the rule that B must be shorter than A by price. I didn't know that wave 2 can't be an expanding flat. Wave 2 can't end above the start of wave 1 in a decline or below the base of wave 1 in a rising trend, but I didn't know it can't do so on the way there.

To: UnBelievable who wrote (63520)	1/11/2003 6:15:55 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 209892

I should point out that I put that chart together, not da_cheif. I did ask him if that is what he was seeing and he confirmed

To: UnBelievable who wrote (63520)	1/11/2003 10:31:57 PM
From: At_The_Ask	Read Replies (1) \| Respond to of 209892

The way he has B of 2 going higher than 1 just does not work. It is specifically precluded by the rule that B must be shorter than A by price. Wave b highs happen all the time. That might be the creator of that website's rule but it's not an ewave rule.

To: UnBelievable who wrote (63520)	1/11/2003 11:51:52 PM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

There is no such rule. We see 'b' waves frequently making new highs or lows vis a vis a prior impulsive move (i.e., a 'b of 2' making a new high vis a vis the '1' high) or travelling further in price that the putative 'a' that precedes the 'b'. Sure, a wave '2' can not make a new low in an impulsive sequence pointing up, but that's different.

To: UnBelievable who wrote (63520)	1/12/2003 2:34:11 PM
From: velociraptor_	Read Replies (2) \| Respond to of 209892

It is a valid count. Wave 2 cannot fall back below where wave 1 started but parts of it can (like the b of 2) move up past where wave 1 ended if it is an expanded flat or a running correction which can frequently occur. That said, I give very small odds of that being a correct count. In additon to the rules, corrective waves tend to have some sort of symmetry in their structure in terms of shape and time. In other words, it also has to "look" right. Usually the A and B wave have some sort of connection and/or the A and C wave have some sort of connection. That means they tend to be similar in time or have some sort of relationship in terms if fib extentions in regards to time and/or distance of waves. That particular count hardly has the right "look". The B wave is huge in relation to the A wave...by a factor of several degrees, not just one or two. You just don't correct 600 points in 3 months for an A wave and then correct 3500 points for a B over 18 months. That's a 6 fold difference in both price and time. And so far the C is even larger than that.