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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (49598)5/6/2004 3:54:32 PM
From: RealMuLan  Read Replies (1) | Respond to of 74559
 
>>I will help you with the arithmetic if you can't work out how long walking would take you to go 80 km. <<

first you should work on your arithmetic bet. miles and kilometers: 65 miles = 104 kilometers



To: Maurice Winn who wrote (49598)5/6/2004 6:09:04 PM
From: Taikun  Respond to of 74559
 
I don't think this requires any annotation:

A Rare Discussion of Elliott Waves
5/6/2004 5:27:31 PM

The major stock indexes closed lower on Thursday (May 6).

*****

I rarely discuss the specifics of Elliott waves in Market Watch, but today is an exception.

Since the highs from this past February, a series of waves in the Dow Jones Industrial Average has unfolded into what is now a very recognizable and compelling pattern. It consists of an "impulsive" move lower, followed by a shallow "retracement" upward; and while one such move is telling, far more telling is the fact that this down-up sequence has repeated itself at three degrees of trend.

The significance of all this is the next wave that should follow: A third wave, typically the most powerful of all Elliott waves.

Now, pattern analysis is not infallible; no method is. Yet the evidence on the chart is clear. Today's action saw the break of an important price level that only increased our confidence in what the pattern says.

elliottwave.com