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To: Galirayo who wrote (9436)11/24/2008 5:37:08 PM
From: Galirayo  Respond to of 41411
 
But If I expand the Time frame of that chart and Drop the Line on the Calc I did.

I see that my Often ridiculed Aroon has it Pegged .. and I didn't need my HP12C for that .. Just The Aroon placed behind The entire Leg Structure.

stockcharts.com



To: Galirayo who wrote (9436)11/24/2008 6:33:16 PM
From: rcksinc  Read Replies (4) | Respond to of 41411
 
Ray
That math works for me.
I see us still needing to complete the drop with another leg down even if that leg were not to make a lower low.
I see us possibly in a 4th wave up that I think will stall in your time frame before reaching 1090. For me 1060 will be logical end point.




To: Galirayo who wrote (9436)11/25/2008 1:30:19 PM
From: skinowski  Read Replies (4) | Respond to of 41411
 
Elliott Waves give a trader an advantage of not being surprised by days like today. We *expect* retracements after completed impulsive moves. We expect days like today. We are surprised when retracements do NOT happen.

This doesn't guarantee in any way that the uptrend will resume, but the odds for that happening are good.