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To: the-phoenix who wrote (126969)12/13/2005 8:12:18 AM
From: skinowski  Respond to of 209892
 
ii of C would have gone somewhat higher than the top of the B.

Right now, I do not recall reading anything which would not alow that - and from my own observations, I've seen it "work"

However - Very often at turning points indexes (which don't have the same relative strength) end up tracing out NOT the same structures. The range since Nov 23 in SPX is certainly not an ABC with a wedge at the end -- more like a double zigzag.

So what? Imagine that the SPX double zigzag is made of rubber, and pull it down carefully by its lowest tip near the end.... and what you'll see, will begin to look like a wedge!... -g. They're all "made" of the same action.

Great work, Shack. Looks very convincing... this will quite likely turn out to be the key to the "conundrum" of the last few weeks.



To: the-phoenix who wrote (126969)12/13/2005 11:14:11 AM
From: Shack  Respond to of 209892
 
Yeah, I don't see that wedge anywhere else but like Ski said, it could be the SPX was another structure, or perhaps a truncated (v).