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To: Henry J Costanzo who wrote (128560)1/27/2006 9:54:13 PM
From: cybersaavy  Read Replies (1) | Respond to of 209892
 
My understanding is that in an ED, waves 1 & 4 generally overlap and that wave 3 cannot be shorter than both waves 1 & 5 although nothing precludes a bearish wedge possibility from playing itself out. I chose to highlight this as it's widely assumed that the small caps lead.

The only resource I have handy to link is this:

geocities.com

One however, that I often refer to.

cs



To: Henry J Costanzo who wrote (128560)1/27/2006 10:59:09 PM
From: Shack  Respond to of 209892
 
Personally? I've never heard of that rule regarding 3's in ED's. As long as 1 and 4 overlap and the waves are corrective. But doesn't mean its not a potentially valid rule (or guideline).

And that chart in my opinion is nothing more than a series of 1's and 2's or a running triangle. I am not on board with any ED's as you know.


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