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PJLaird@xxxxxxx wrote:
>I'm counting the drop from 8/7 to 9/11 as wave A. 9/11 to 10/7 as wave B, and
> everything since as wave C.
Yes, I too was looking at this as an ABC or 3x3x5 correction in the DOW
& OEX. Reason being, the 1st leg
looks like 3 waves, ...unless there is an intraday count that can be
seen as five waves. But I would
insist on seeing a valid 3rd of 5. Then I could see the possiblity of
an impulsive move down from 8/7
to 9/11. Since I do not have that data and it seems unlikely that it
cannot be seen on daily charts, I
will go with what I see. A corrective three count down in a bull
market.
I would be interested in your opinion on why you label the A Wave as
such??? Are you using indicators in assisting your identification of
wave counts????
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