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To: skinowski who wrote (120589)6/18/2005 11:55:52 AM
From: Shack  Read Replies (2) | Respond to of 209892
 
I am sure you didn't forget the "Big ED" theory which was bounced around here some months back

Still front and centre for me. Here's that original chart from back in Jan when I tried to pull an "ajtj" and anticipate a pattern 6 months ahead of time:

ttrader.com

Pretty much still on track.



To: skinowski who wrote (120589)6/18/2005 9:59:44 PM
From: Moominoid  Read Replies (1) | Respond to of 209892
 
I am sure you didn't forget the "Big ED" theory

It's possible ... though the C wave is really big compared to the A and B. It is also possible that the SPX started going into a wave 5 ED late in 2004 and now is in wave iii of 5 ... it could extend too...

The wave iv of 5 I sketched in here:

rpi.edu

is very small - looks more like a three.

NDX could be doing exactly the same thing:

rpi.edu

Wave A would be 4 and B would be i of 5. We would now be in wave iii of 5 too....

Both scenarios (your ED and this one) can lead to a 2006 low.... My favored scenario pushes the next big low off to 2007 and as people have pointed out that is something against it.