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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: venividivici who wrote (129362)	2/9/2006 11:37:46 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

OK.... a running triangle from Dec 2003, with a weak "E" last October... OK, I could live with that. However, recall that the October rally is countable as a complete impulse... and therefore, it is entirely possible that it's all she said as far as Wave 5 is concerned. There is simply no need for any further rally for this scenario to be fulfilled. There may be, but doesn't have to be. For my money, I'll call the decline since Jan 11 ABC or 1-2-1(of 3). Today's candle is a pretty chilling Bearish Engulfing stick, btw. For trading purposes, I really don't care which way this conundrum resolves, as long as I'm more right than wrong. Hmm... Maybe now I should be able to sleep.... ;)