Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Gary Burton who wrote (38717)	3/2/1999 9:24:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

But; Gary -- please answer this simplistic E-Wave question I need to know if you ''really'' are the Big Kahuna and know how to ''REALLY'' be surfin these here "WAVES" <VBG>...? Please pardon my elementary analysis, phraseology and basic understanding of Elliot Waves; but my observations are as follows... In my opinion; I see two conflicting patterns; both patterns are 3-3-5 wave structures, wherein the a-wave lacks sufficient power to unfold into a full 5-wave sequence. The ensuing b-wave seems to run beyond that of wave-a, again in a 3-wave sequence however. In both cases, wave-c is a full 5-wave sequence but whereas under the Orthodox Irregular wave-c ends well beyond the level at which wave-a terminated (typically measuring about 1.6 x the length of wave-a), and under Shorted Irregular corrections the c-wave will terminate slightly short of the level at which wave-a terminated, indicating unusual force in the subsequent impulse wave. As such ; I am troubled by the following: As the subsequent impulse wave upon completion of a Triangle tends to be swift but short lived and the correction which follows typically yields a complete retracement. Are we also, perhaps seeing minor impulse wave traceing out a 5-wave structure (not a 3-wave structure as under the 5th Wave Diagonal Triangle) but a minor wave-4 overlaping minor wave-3 ? Rather than signaling the termination of a larger move, is the completion of a Diagonal Triangle in the A-Wave position perhaps forewarning a subsequent b-wave correction followed by a climatic c-wave, before our reversal occurs ? So my question remains - who's on first <VBG>....