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To: Henry J Costanzo who wrote (201306)1/6/2013 1:37:08 PM
From: h_  Read Replies (2) | Respond to of 209892
 
P.53:
"Elliott states in Nature's Law that wave four in a five-wave sequence should not overlap wave one except within diagonal triangles, as discussed in Chapter 1. This is a hard and fast rule which should not be broken unless all other Elliott considerations force the analyst to accept that conclusion."

Every diagram in the book demonstrating a five-wave impulse shows the entirety of wave four outside the range of wave one. "Should not overlap" to me is very clearly stating that it cannot enter the range of wave one, not that its endpoint must lie outside the range of wave one.

I agree it's very difficult to count and I can't say that I can find a way to do it, but if hard and fast rules are being broken, the count can't be right.



To: Henry J Costanzo who wrote (201306)1/6/2013 1:53:18 PM
From: da_cheif™  Respond to of 209892
 
primary 2 ended in march 09.....the dow is now in the early stages of the epicenter of primary wave 3 up.......the broader measures of market activity such as the vay and rut are leading the charge.....