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

To: Shack who wrote (113757)	2/17/2005 2:46:18 PM
From: jjstingray	Read Replies (1) \| Respond to of 209892

This definitely still looks good. I just got frustrated at how many times the stock bumped up against $60.80, totally ridiculous. stockcharts.com[w,a]whclyyay[dd][pf][vc60][ilb14!lb5!lh5,5!li10,10!lp14,3,3!la12,26,9!ld20!ll14][j45207937,y]&listNum=1

To: Shack who wrote (113757)	2/17/2005 7:49:22 PM
From: skinowski	Respond to of 209892

To me, your post makes plenty of sense. Imo, you are right about those "long stem ED's" - but I'll need to give this some more thought. The fact that "completed" EW structures are relatively good at pointing towards reversal areas is a mixed blessing, indeed. In a strong trend, one will be wrong way too often. Been there, done that. Sometimes it can be done - if there is other evidence present, like trendlines, S/R's, Fibo clusters, etc - but moves always can "fail" or "extend", and one must remember the limitations of the method. And yes, using corrective structures to enter existing trends seems to be where the best money is.