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To: mishedlo who wrote (126275)	11/21/2005 3:02:04 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Mish, Shack will speak for himself, but - imho - if a "triangle" is indistinguishable from an ED -- it's an ED. In a running triangle "B" travels beyond the origin of the triangle, but to expect "D" to go beyond "B" is - I believe - outside the usual definitions. That said, we all know that an apparent ED may sometimes "hound" - and accelerate in the same direction, instead of reversing. That's why a conservative way of playing an ED is to wait for a break of the support (or resistance) line before entry. One more thing - and on this one I would appreciate Brian's opinion. One scenario which is popular here among some of us (advocated by MC and some others) is that the point on Brian's chart which he labeled as "A" of the formation is actually the ORIGIN of a "smaller ED", in which at this time we would be in the final wave 5. That wouldn't be bullish, however....