Just do this for Tony....
of the downtrend we had wave 1 and 2
Now we are in Wave 3.
OF Wave 3, wave 1 this morning, now wave 2.
Of Wave 3, Of Wave 2.. 1-2- Now 3...
soon we can look at rate of decline.
Monday, August 17, 2009
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3 comments:
I think that's consistent with what I'm saying, but I'm not sure. Big wave 1 started last Thursday...
http://starwealth.blogspot.com/2009/08/spy-elliot-waves.html
your 1-5 to 96 could all be one large wave 1.
Do you mean a wave (1)... in parentheses?
Who really knows and time will tell, but the rally on Friday pm seemed significanat and had some volume, so i think it earns a wave (2) status. of course, the counter argument is that this was all robot buying and therefore no human limbic system was involved. Certainly, this is a scenario to be entertained.
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