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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Runomo™ who wrote (20889)	10/8/2005 10:44:40 PM
From: Moominoid	Read Replies (2) \| Respond to of 207672

So you want everything since the beginning of 2004 to be 2 of 3? That makes for an awfully big 3 compared to the 1 and 2. And it looks like a triangle, which is extremely rare as a wave 2. But maybe I'm reading you wrong. If you could annotate my chart that would help. In Aus we have a nice 5 waves up from 2002, and the wave 5 has a ncie 5 subwaves. Last week the index began to give back. In Europe there is also a nice 5 waves up and little give back yet (maybe wave 5 isn't complete in Europe). I'm increasingly leaning towards taking the same basic position as Da Cheif that we are in a new bull. But at some point wave 1 ends and wave 2 corrects it. The count I posted would have wave 1 still continuing in the US. It likely ended in Aus, maybe continuing in Europe. But there is also a count where we are already in 2 in the US. 2007-9 could be the wave 3 where we go to new all time highs in the US... maybe...