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To: onlytron who wrote (136094)8/28/2006 8:03:32 PM
From: wave3rules  Respond to of 209892
 
onlytron have you ever heard of a ABC zigzag correction.

It is a very comman corrective EW pattern.

You know 5 waves for A, then 3 waves for B then 5 waves for C.

Look it up. So you comment about always 3s for A leg, well sorry not valid. That is very true for other corrective patterns, but not for a ABC zigzag.

And thats why I stated in fact what I call 2 may be B, thats the alternet count I am using. I also stated one can make a case for the May decline being 5 waves, clearly you do not see that, you ONLY see it as a 3 wave, I see BOTH possiable.



To: onlytron who wrote (136094)8/28/2006 9:00:19 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
The fact that the May - June decline was a "three" doesn't necessarily mean that markets are in an immediately bullish mode. Those multiple "threes" can be protracted affairs... with many surprises. The June low can easily be only an "A" of a much larger structure.


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