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To: Moominoid who wrote (123872)9/11/2005 12:50:22 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
Nice collection. $TSX particularly attracted my attention. The decline into 2002 low looks more like a three-waver than that of $SPX. The key question is whether the impulse out of 2002 low was "fresh" -- or, a "C" of a correction which begun in late 2001.

But in a sense, the above is academic. Even if the impulse was "fresh", it could have been a weak Fifth on the larger picture, and a secular bear may still be in force. Or not. Ergo - what EW can do here is limited.