Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: illyia who wrote (110872)	12/30/2004 7:36:45 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Man, which one of those zillions of lines are you struggling to reach?-g BTW, I do think that wave could still be a (i) of 3, just not a diagonal. I guess the power of the previous trend is still present creating a weak impulse A leading diagonal is defined as an impulse where wave 4 and 1 overlap, which I would define as weak. I surmise that this wave, while starting a trend in a new direction, is still being impacted by what was likely a very strong trend in the opposite direction. That's why the impulse has overlaps and is "weak". FWIW, my experience with leading diagonals has been that they more often occur at the start of downtrends, not uptrends. I think this may be because, no matter how strong a downtrend was, the first wave of an uptrend will often be sharp and without overlap due to short-covering (like Oct 2002).