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To: Galirayo who wrote (215)	4/8/2008 4:10:39 PM
From: Perspective	Respond to of 3209

I believe it depends upon whether all five legs (up and down both) are corrective or not - which generally means you don't know until the wedge breaks. However, a couple of the up-legs look very corrective to me, so I'm leaning toward wedge. And I suppose in Elliot terms it would be an ED - ending diagonal - of the whole correction off the Fed panic rate cuts in late January. `BC

To: Galirayo who wrote (215)	4/8/2008 10:09:33 PM
From: AllansAlias	Read Replies (1) \| Respond to of 3209

A wedge is a TA term. A wedge is a type of triangle, aka a coil. It is a separate concept from Ending Diagonals or Leading Diagonals. The latter two are Elliott terms. EDs and LDs are types of motive waves. They are rare, especially LDs. Any rising (or falling) triangle is a wedge, but does not have to be anything in Elliott terms -- could just be some jello. Put another way: an ED/LD is always a wedge-like, but a wedge need not be an ED/LD. --------- Fwiw, and this may seem harsh, but it is not meant to be: this thread is not a place to learn TA or Elliott. Do that on your own or somewhere else. I would not like to see the signal to noise ratio of this thread drop. That happens when we get too many short, mostly meaningless posts, or when the thread becomes too much of a tutorial. If we have nothing of import to say, then I prefer we say nothing. Thanks.