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To: Shack who wrote (117565)4/25/2005 9:04:12 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
Yeah, this scenario is still alive and well. I go with the assumption that March 7 was an important top - and, of course, April 7 is the key resistance... so far I see no reason to alter this stance. If I'm wrong, it will cost me money, but since I use little leverage the total risk is acceptable.

...Run into some fairly unenthusiastic remarks by Bernie Schaeffer:

schaeffersresearch.com

(senimentrader is still looking up, but seems to be having doubts... holding off increasing longs)



To: Shack who wrote (117565)4/25/2005 9:11:54 PM
From: mishedlo  Read Replies (1) | Respond to of 209892
 
Are you saying we can not make new lows unless we make a new high?

If so I do not buy it ewave or not

Mish



To: Shack who wrote (117565)4/25/2005 9:42:35 PM
From: Moominoid  Read Replies (2) | Respond to of 209892
 
Or the v of your ED could be wave D of a triangle wave B...

rpi.edu



To: Shack who wrote (117565)4/26/2005 5:04:02 AM
From: tjkong  Read Replies (2) | Respond to of 209892
 
Each leg of an ED should be a 3-waver, no? (You show the wave 1 of your ED as a five.) Of course the other "ST bullish, LT bearish" count there (which might result in a similar TA-wedgish pattern) is an ABC-X-ABC double zig off the 10/02 low.