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To: Zeev Hed who wrote (15426)4/14/1998 1:15:00 AM
From: Simon  Respond to of 18056
 
<< My turnips have spoken.>>>
May the bird of Paradise cast a blessing on your turnips. This mkt is getting boring. If it weren't for all the EW jockies on the BK I think I would croak of boredom. May the 5th wave of the Big C wave of the retrofitted Impulse wave be with U.
:-)



To: Zeev Hed who wrote (15426)4/14/1998 1:58:00 AM
From: Simon  Respond to of 18056
 
OK troops: Here is your assignment for tonight. Read carefully.

"On the smaller degree waves we're tracking (that form intraday), those pat rules don't always apply. In your example, if the A wave ran from 10 to 20, and b ran down from 20 to 4, and c ran back up from 4 to 9, it would'nt change the validity of the wave count from what I've
seen. Whacky things can happen in the smaller degree wave counts that typically don't happen on the larger degree wave counts. So you're more concerned the number of bars without a new high, and number of bars within each wave (time passage), as you are with the starting and ending points of each wave. You could have more than 5 parts in an impulse wave, if you get what is called an "extension". The extension usually happens inside of wave 3 of a 5 wave move, and makes the entire wave look like a 9 wave move. I've never witnessed more than 3 parts to a corrective or ABC wave. But note that since A & C are each composed of 5 waves, either may become extended. Hope that helps."

David

Gee thanks it sure does.

"you're more concerned with the number of bars." Bars? How did they get involved? On the other hand after reading that I think I'm gonna go find a bar.

OK CLASS, We will have a pop quiz in the morning, so please study the above carefully so we all get a passing grade.

Geeeez, and I have a bad time programing my Micro Wave.