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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (5256)	1/11/2010 10:09:15 AM
From: westpacific	Respond to of 26251

Based on the Dome Roof; gut level this is not a wave 3, but a 2 or C... And if so; it means a retrace of 20 percent at the least. If another rally; that roof should contain it for the coming six to eight months! So correction; then rally to a lower high type pattern could now setup as the roof bends over and contains the upside moves. Based on this roof; have a very hard time with this being the wave 3 and the 5 coming later this year at 1219 or FIB 61.8 - seen that model and it does not work. Open minded but trying to stay focused around all these different ideas; there are many floating around. No one but I in their models has even looked at the Dome Roof pattern containing it! That is why I feel these other models from traders I follow are wrong. A great trading friend whom passed away last year showed me a model of deflation into 2012 with a series of lower dome roofs...in his memory shall I salute if this model holds true! West