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To: Perspective who wrote (84070)10/13/2003 11:01:18 AM
From: Paul Shread  Respond to of 209892
 
Agree on expanded; in traditional TA, that's usually bearish, but Ewave sees them as consolidations that could go either way, I believe.

Also agree on your general structure comments. Was looking back at the '66-'74 charts the other day, and the cyclical bulls were interrupted by perfect ABCs that retraced about 50% of the rallies. Would be nice to see something that clear in the coming months (I'm assuming we're somewhere near the end of the C of A here).