SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?


To: NOW who wrote (681)5/23/2008 3:14:06 PM
From: jjstingray  Read Replies (1) | Respond to of 3209
 
Sorry for the wiggles, but I think we may have completed the iii down this afternoon. That channel should break on the iv.




To: NOW who wrote (681)5/23/2008 5:39:33 PM
From: AllansAlias  Read Replies (1) | Respond to of 3209
 
A reply to two questions/points:

1) Does the lack of alternation** bother me?

Nope. It's wiggles. Wiggles are fun, but I don't get into the gory details of them, as imo, it is a waste of time.

2) 4th waves should break the down channel

Nope. They often do, but is by no means a requirement or even a guideline. JJ could be right -- maybe we only did wave 'iii' down so far, but it's not that important -- we're talking dessert here -- an extra wiggle or not.

Cheers

** Alternation:
The corrections in a 5 wave move (waves 2 and 4) should not look the same.