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To: ajtj99 who wrote (70531)4/5/2003 10:53:43 AM
From: skinowski  Read Replies (1) | Respond to of 209892
 
AJ, triple top (or bottom) reversals is classical TA, like here:

stockcharts.com

In Elliott terms, imagine, just for example, a wave 3 top, followed by an ABC down (where B is strong), and then by a weak 5. That’s is your triple top.

I beleive the old saw is that there is no such thing as quadruple top or bottom. I'd say, the odds for that are no good.



To: ajtj99 who wrote (70531)4/6/2003 1:37:26 AM
From: Perspective  Respond to of 209892
 
I'd add that triple tops are actually more common than triple bottoms. Since the macro trend of the markets is up, a majority of corrective waves are down, and corrective waves are less likely to produce successful triple bottoms. Triple bottoms should come off of a 3, b of 4, and weak 5th structure, as Ski said.

BC


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