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To: cybersaavy who wrote (128554)	1/27/2006 6:31:39 PM
From: sammy™ -_-	Respond to of 209892

so it is time for a good correction?

To: cybersaavy who wrote (128554)	1/27/2006 9:34:34 PM
From: Henry J Costanzo	Read Replies (2) \| Respond to of 209892

<< On the daily small cap charts the ED count has violated the 3rd wave rule being shorter that both waves 1&5 >> cs......I have long touted an ED count for the SPX essentially identical to the ED chart for IWM you just posted. I also noted, in considering certain wave targets that wave 3 could not be the shortest.......However, someone questioned that..saying the usual wave rules did not apply in an ending ED.....Not only could the waves overlap, and were divided into 3s instead of 5s...(rules I was aware of, and with which I agree) BUT the comparative wave length rules did not apply. I did not pursue the matter, but took the comment as valid...and applied it... Can't remember precisely when that was, or who posted that opinion....Just spent a little time in Search trying to find it, with no luck.....Will try again over the weekend. In any event, you may want to pursue this a bit further. I'm repeating this post to Shack and asking whether he can be of any help on the issue.....

To: cybersaavy who wrote (128554)	1/28/2006 9:20:20 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

never let it be said that I allowed a few guidelines to stand in the way of a good story Imo, "strict" Elliotticians want to have it both ways - 1) The markets are driven by Collective Unconscious, and 2) Rules can not be bent. I think this doesn't make much sense. Unconscious - be it collective or individual - can only be imagined as something of a dreamy, poetic, if you will, quality. Unconscious should be "expected" to wonder off now and then. So, what is the use of having rules? Without "rules" we have no definitions, so there can be no communication. Also, every given time the odds are overwhelming that events will play out in accordance with the rule. Recently, we saw a five wave decline (hourly) in the major indices. If the markets proceed to reach new highs, I'll have to assume that this will be one of those "exceptions".... maybe the Collective Unconscious kinda fell asleep at the wheel, and allowed Wave 2 to reach new lows, or something like that. But - an exception does not annul the rule. I'm sure that you are right, and that W3 in an ED cannot be the shortest. Anyone who has a Prechter Frost text handy can check this in a minute. I can't - spending the weekend traveling. If anyone wants to know about a restaurant in Little Rock, AK one would be better off avoiding, ask me, I'll tell you.... ;)

To: cybersaavy who wrote (128554)	1/28/2006 11:47:48 AM
From: robert b furman	Respond to of 209892

Hi CS, Great chart. Seldom has a selloff been hard while the -DI continues to go negative.Although it could turn on a dime. That long slow 45 degree build of CMF is a thing of beauty or should I say strength. Real estates cooling,treasuries are not being oversubscribed and new all time highs are being made daily on multiple indexes. Just seems like an asset explosion in equities is a viable alternative. Now if some E-wave knowledgeable person would show me the recognition wave when it occurs - I just want to be sure that I see it when it happens as I'm sure they don't come with a gong.<smile> Maybe when it happens Cramer will say breakout instead of BoooYaah. Bob RIP on your count.