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<<(THIS ONE IS MY PERSONAL PREFERENCE): There SHOULDN'T be any x's
involve in the counting of corrective waves, except with certain type of
triangles and wedge where a-b-c-d-e is a perfectly valid counts for these
type of patterns. Personally, the inclusion of x's in corrective waves
basically means one really doesn't know what the heck is going on of a
particular market anymore. IOWs, one has loss his/her perspective already.>>
I wouldn't be too quick to dismiss the idea of X waves. They are usually
interchangeable with the wave charateristics of a B wave, but there is a need
for them. If you have two ABCs with another corrective wave in the middle,
I'd class the middle wave as an X wave. You could drop in the label B wave,
and it would make any difference. You'd be left with a big ABC, same thing.
Where you'll run into trouble though is if the correction continues to run.
Multiple corrective wave are not uncommon. If the second X wave or third abc
vary much in price levels, you'll have trouble bending it to fit the
definition of a five wave triangle. All I'm suggesting is that it is a
necessary wave configuration at times. There is some addional reference to X
waves, and the present Elliott Count possibility at the web site listed below,
if you are interested.
Peter ........... http://tiger.golden.net/laird/Comment.htm
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