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


To: NOW who wrote (40526)7/20/2006 1:06:50 AM
From: nspolar  Respond to of 60904
 
One should also recognize that if the 5 waves up for a Big 1 is in, we would be looking for an ABC here, a 335 or a 535. So where does the '2' fit in? I dunno. If one goes back and looks over previous HUI corrections, of major degree, it does both 335's and 535's, but a pure flat seems to be a bit rare. Rather in major corrections things seem to like to eventually run down hill, more often than not. There have been a couple real bastid C's. This is what is needed imo, but when?

The other thing going on here is this count, and I think it is quite likely to play out.

ttrader.com

If the general markets hold together, I tend to doubt the bottom falls out of the HUI here, but we have to wait and see.