Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: At_The_Ask who wrote (63548)	1/12/2003 3:34:44 PM
From: UnBelievable	Respond to of 209892

I Don't Disagree With Anything You Said EWI designates the rise from 1932 to at least 2000 as a supercycle wave of which cycle wave 5 began in 1974. If you accept this count clearly upon completion of the 5 motive waves we will see a three wave correction at the cycle level which would be expected to correct between .38 and .62% of the up since 1932. To date we have not retraced to such an extent that such retracement can no longer be considered primary wave 4 within cycle wave 5. While we can not say that the 2000 highs will not be exceeded prior to the commencement of this retracement, if you accept the count suggested by EWI it is difficult not to accept that for at least the next decade, and perhaps longer we will be in a correction with the market trending down. As I have acknowledged, in an expanding flat the b wave can go above the start of a.