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Strategies & Market Trends : Visit Mr. Elliott. -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (194)	9/3/2005 9:32:00 AM
From: skinowski	Read Replies (1) \| Respond to of 656

move from Aug 3 is probably an ABC A wave followed by a B wave up in the last few days And yet, Shack sees this decline as a wedge. I think that is a good possibility. Now, how do you call a wedge which starts off a top (or bottom), and sports "fives" as 1, 3 and 5? Couldn't that be a Leading Diagonal? And, if that's the case, last week's action may still be Wave B -- but it could also be "2", which opens the door for bearish roadmaps. Possible counts are many... the hard part is finding where can I get the best risk - reward on my money..... -g.