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Jeff & Group:
I think I may have answered my own question. Jeff's original
interpretation would have to be the correct one since I ignored the
fact that the alleged wave 4 rose above the level of wave 2. And
that would change the count.
Chas
-----Original Message-----
From: Prosper <brente@xxxxxxxxxxxx>
To: Real Traders <realtraders@xxxxxxxxxxx>
Date: Sunday, November 26, 2000 2:57 PM
Subject: [RT] Re: NASDAQ COMP. Wave Counts
>I seldom look at the NAS but for fun here is what I have. Pretty well
>agrees with Jeff. Since the high side of the short term red channel is
being
>tested this could lead to a test of the longer term black channel making
for
>a short term consolidation, but lower prices look likely to me. However, if
>the black channel is broken then we may have a reversal, until then I'd
stay
>with the channel.
>
>Prosper
>
>
>--- In realtraders@xxxxxxxxxxx, Jeffrey Harteam <jharteam@xxxx> wrote:
>> Greetings Traders:
>>
>> The Nasdaq Comp. is nearing its final leg of downmove to complete its
>> intermediate correction a-b-c since 03/10/2000. The final wave 5 of c
>> has taken the shape of a declining wedge. This is a classical 5-3-5
>> Elliott Wave pattern. Regards
>>
>> Have a good one
>> Jeff Harteam
>> Hong Kong
>
>
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>
>
>
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