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


To: Shack who wrote (85533)11/9/2003 8:36:26 PM
From: ajtj99  Read Replies (3) | Respond to of 209892
 
Shack, what do you make of the triangle on the BTK since the 514 high?

stockcharts.com[h,a]wacayyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14][J6529235,Y]&pref=G

I have no idea how to count it, other than I think it's may go to 612 or so eventually based upon the measurement of the triangle. If that does happen, I think it would be a 5th wave up off the 275 BTK low in July 2002, and it would be a signal that a "Big B" down may be around the corner soon afterwards.

Ideally such a launch would take place from around 475-480, and possibly in another month.