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

To: Moominoid who wrote (122581)	8/2/2005 7:26:12 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

LOL! ED's are fun. As you mentioned, they tend to be 5th waves, or sometimes "C"'s. In complex structures, they tend to occur at the end. They reflect a move which retains its impulsive nature, but is in the process of running out of steam... and contains overlaps. Once completed, it is set up for a snappy, hard reversal. One must watch out for things which "pretend" to be ED's... like various running corrections, and series of 1's and 2's. Those babes can hand a trader his arse very quickly... -g