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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: sammy™ -_- who wrote (39512)5/19/2006 10:05:12 PM
From: SwampDogg  Respond to of 60929
 
Of interest
Look a the last chart on this link. It is a clear 5-3-5 off the top but there is clear overlap of the first wave down off the top (ie it looks corrective). The sentiment in this market is awful and it should sow the seeds for a huge rally into 2007-08.

financialsense.com

PS Yes wave 'a' of a larger "C" can be either 3 or 5 waves.
FWIW I do not use waves much anymore. Found one makes a whole lot more money with a ruler, a crayon, and watching relative volume.