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

To: jjstingray who wrote (95240)	4/24/2004 10:16:28 AM
From: Shack	Read Replies (1) \| Respond to of 209892

you would be nuts not to play it We disagree. For me its the fact that I think you have a better than 50% chance of being wrong regardless of how large you think the '5' will be (this comment is not specific to INTU but to many potential 5th wave plays). There are simply a far greater number of patterns on charts which support 3 wave moves over 5 wave moves. That's just the nature of the game as stocks spend most of time in jell-o. As for INTU well you could easily catch a 5th or something even larger, it did fall from that big wedge which it spent most of last year forming. But in general I find the 5th wave plays are tough to catch and can reverse so quickly that any profits made are quickly vapourized. All IMO.