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To: Henry J Costanzo who wrote (200008)10/5/2012 2:55:20 PM
From: CaptainBoom  Respond to of 209892
 
I understand the benefit of using the tools one has become accustomed to. ToS does allow annotating of charts, so it might be worth a look, just in case you have future difficulty. All in all, I think it's a decent tool at a great price. Tough to beat free.



To: Henry J Costanzo who wrote (200008)10/5/2012 3:24:18 PM
From: hawkeyefan  Read Replies (1) | Respond to of 209892
 
I assume you are aware the market has taken some selling.

Feel the triangle scenario will be correct.

The two other scenarios I can think of are that this could be a flat and this will be "c" down from 1474, but the corresponding "2" is a flat so this can't be. Or we had 5 waves up from 1264 but I can't count enough waves for that plus the off 1474 was a three waver initially.

I suppose we could have fives up from June and this would mean this correction would be more substantial, but again it started off as a three waver.



To: Henry J Costanzo who wrote (200008)10/5/2012 3:26:23 PM
From: hawkeyefan  Respond to of 209892
 
Tuesday there is no 60 minute cycle so in the past this has lend itself to be a one way trading day.

I will be away from the markets on Wednesday through Friday next week, so I like the triangle scenario. -g-