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My answers below.. Steve Poser
--- In realtraders@xxxx, "Joe Duffy" <joeduffy@xxxx> wrote:
> Nice work on the Elliot counts. I wondered about a couple things
maybe you
> could help me with that I saw in your counts?
>
> 1. Is it okay to have a wave 4 that is smaller then the wave 2 of
the same
> degree? There is no reason why wave-4 cannot be smaller than wave-2
>
> 2. Is it okay to have a wave 4 that is smaller than the wave 4 of
one lesser
> degree? This is not all that likely, but it is not impossible. I
would be nervous with such a count.
>
> 3. Is okay if wave 2 and 4 do not display alternation in form?
Alternation is a tendency, not a rule, so though one feels more warm
and fuzzy with alternation, it is far from a requirement.
>
> 4. Are triangles suppossed to be always B's or 4's? No, not at all.
B's and 4's are corrections, period. They can be triangles, zigzags,
flats or irregular flats.
>
>
> ----- Original Message -----
> From: Jeffrey Harteam <jharteam@xxxx>
> To: RealTraders Discussion Group <realtraders@xxxx>
> Sent: Thursday, February 08, 2001 9:38 AM
> Subject: [RT] Re: NASDAQ Wave Counts Updates
>
>
> > Greetings Traders:
> >
> > Here are the current wave counts of the NASDAQ. Take care and
regards.
> >
> > Have a good one
> > Jeff Harteam
> > Hong Kong
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxx
> >
> >
> >
>
>
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