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To: jjstingray who wrote (117705)4/27/2005 1:25:31 PM
From: The Freep  Read Replies (3) | Respond to of 209892
 
JJ -- no question it's a nice turn around. Man, we've had soooo many reversals and reversals of reversals lately. But my question is... how can you count the move off the price low a a 1 up??? Besides the wiggle structure, even the daily sticks don't agree. Leading diagonal? But that's not echoed in the tech indices... which would then have a totally different count.

I don't even have a clue if today's rise will hold. It might. We mighta had a B of 4 down, or a 1/2 down off yesterday's high. But how do you count a 1/2 up off the lows?



To: jjstingray who wrote (117705)4/27/2005 2:09:15 PM
From: Moominoid  Read Replies (1) | Respond to of 209892
 
Can you explain that Dow count more. I know the Dow is hard to count at the moment. I figure that we are now in 4 of C down from the top in the Down and the whole move from the beginning of 2004 is a flat.

This is one reason why my preferred interpretation for the NAS since the beginning of 2004 is a flat rather than a triangle. I suppose a triangle is possible in Dow/SPX but it will be an odd looking one.


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