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Hi Arnold,
Only possible problem with your assessment would be if the low on 10/8 was
the end of a minor three wave B formation. It looked like a minor five wave
move down to me, but IF not, look out below. It might just be eye strain on
my part, but I'm noticing a lot of shorter term waves that look like fives
but end up being threes, and vice versa. I've come up with six different
counts of the action since 7/17, and all are valid counts using the "loose
form Elliott" approach of Prechter (as Peter calls it). Some of the waves
after 9/1 are rather ambiguous, IMO. Too many alternate counts for my taste.
Regards,
Dennis C.
dconn@xxxxxxxxx
-----Original Message-----
From: Arnold Thompaon <arnoldt@xxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Sunday, November 01, 1998 9:23 PM
Subject: DJIA EWTCount Timing
>It looks like five larger waves up from Oct 8th is near completion. In
>this last minor 5th of 5th wave, I can see a 1,2,3. All in three days.
>Monday and Tuesday should see a near completion of the minor fifth wave
>with a 4 & 5.
>
>This is terrific timing. The election is turning out to be a Buy the
>Rumor, Sell the Fact scenario. Since I am an adherant to the mass
>psychology theory of EWT, there will be no conspiracy theories.
>
>One further note:
>
>One Five wave move from the Oct 8th low cannot be the complete move.
>The larger move requires either 3 or 5 waves. Therefore a corrective
>wave is due before another move to the upside.
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