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Here is the weekly view and the wave 3 there is very near a 2.618 expansion.
As mentioned before in a post only 8% of the time is that exceeded?
Basically the daily chart before is starting at the wave 2 starting point on
the weekly. So either wave 4 in either case, be careful?? Hope this helps.
don ewers
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, March 01, 2001 12:10 PM
Subject: Re: [RT] STK - MO Wave Count
> Up in a big wave 3 at this point, so I would tighten stops and watch for a
> 6/4 ma channel sell signal or close below the regression line. You maybe
> headed for a wave 4 consolidation.
> don ewers
>
> ----- Original Message -----
> From: "Dan Harels" <harelsdb@xxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, March 01, 2001 11:16 AM
> Subject: Re: [RT] STK - MO Wave Count
>
>
> > Could someone coach me on the longer term wave count for MO. I can
start
> at
> > a couple of different places and get 5 waves up. One starting point for
> > Wave 1 is the low of a year ago. The other is the low of September 00.
I
> > lean towards the September starting point but am not sure why. Does
> anybody
> > else see five waves and where would you start counting?
> >
> > Thanks,
> >
> > Dan
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