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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: MechanicalMethod who wrote (22295)	10/24/1998 12:40:00 PM
From: Cube	Read Replies (1) \| Respond to of 79230

Osci, The wave 1 count is the least important of all the waves as you know. It is the least tradeable and often the most convoluted. I've picked 7-14-98 as the the wave 1 bottom, with the wave 2 top occurring 2 days later. The important point is the ensuing large and extended wave 3 that follows. The only method I know of that makes a wave 3 tradeable before it happens is Doug's MIMBO. This wave 3 was a down move so we only know that it happened after the fact. We are now set up for the most tradeable parts of an elliott sequence and that is the move from wave 4 to 5, then reversing at the wave 5 bottom. My previous post told you what I think about wave 4 & 5 re ABTE, so time will tell. See ya, Cube