StockFetcher Forums · Filter Exchange · Finding the ABC after the 123<< 1 2 >>Post Follow-up
moqual
38 posts
msg #57136
Ignore moqual
modified
11/28/2007 8:57:07 PM

moqual,
With that count, I'm assuming that your expecting some form of alternation to form here for wave 4.One thing I see that could negate that count would be a violation into 13,400 or higher,then the overlap comes into the picture.An alternate looks like a completed a,b,c wave from the Oct high with the c leg measuring very close to a nice 1.618 of wave a.
______________

jbrtrader,
Since last week's high of 13211 was exceeded with today's rally, I believe we are tracing out wave 4. I agree 100% with you that if we rally above 13407, that would suggest that the DJIA completed a 5 wave c category diagonal triangle last Wednesday indicating a low is already in place, but this means recent support would have to be broken in the short term. I still think we will top out shortly and then head below the August low in December in a 5th wave decline

StockFetcher Forums · Filter Exchange · Finding the ABC after the 123<< 1 2 >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus