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To: loantech who wrote (7974)8/23/2007 4:58:34 PM
From: Claude Cormier  Read Replies (2) | Respond to of 29622
 
Hello Tom,

In elliot wave terms, 5 waves market advances are made of 3 bullish wave (1-3-5) and two bearish waves (2-4).

So a bullish 5 will follow the bearish 4 that just ended. This sequence if part of a longer term primary wave 3. This primary sequence will also concluded with a 4th and a 5th wave. This primary sequence is also part on longer term bullish wave.

In other words, we can be bullish (with the usual bearish sequence) for the next 15-20 years...

en.wikipedia.org