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To: Jorj X Mckie who wrote (75341)6/5/2003 11:47:42 AM
From: Shack  Read Replies (2) | Respond to of 209892
 
I would add the BKX to that list which looks just about done Jorj. Its quite possible that lots of stuff will top shortly even if the broader indices don't. It leads to a classic non-confirmation 5th wave in the indices.



To: Jorj X Mckie who wrote (75341)6/5/2003 11:53:21 AM
From: Jack of All Trades  Respond to of 209892
 
OK since we are talking channels, QQQ 240min channel anyone?

ttrader.com



To: Jorj X Mckie who wrote (75341)6/5/2003 12:15:54 PM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
Jorj, but Shack's channel was on COMP not the Dow

If you're trying to count the Dow as a 5 wave move off the 3/10 low, then where's the iv?

Shack pointed out a couple of weeks ago that the 5/19 down move violated the top of wave i off the 3/10 low, violating the Elliot Rules, so the "Big C" on the Dow went up in smoke then, but it's still alive on SPX, COMP, and NDX.


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