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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?


To: ItsAllCyclical who wrote (1429)7/21/2008 12:50:59 PM
From: AllansAlias  Respond to of 3209
 
re: $RUT chart

Forget the "failed 5th" idea imo. You are better served to stick with the straightforward reads rather than trying to get funky with the rare oddities. Stick with Occam's Razor.

Besides, a failed 5th should still look impulsive (5 waver), even though it does not make a new price extreme.