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I think the reference was to AGet's Long Term projections, which I may have
posted a few weeks ago, with the very low PTI suggesting that the next
decline would be a failed 5th ... see attached. Attached hourly chart shows
AGet's current count (which is close to failing) and my hand count which is
what I am using. My hand count, which has us in W.C/3 (most likely a W.3),
is similar to your primary count.
Earl
----- Original Message -----
From: "tradewynne" <tradewynne@xxxxxxxxx>
To: "realtraders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, September 24, 2002 5:30 PM
Subject: [RT] Elliott was Re: Elliot Wave Counters
> --- In realtraders@xxxx, DLCRL@xxxx wrote:
> > I am curious as to whether the Elliot wave Folks are Still of a mind
that we
> > are in for a failed fifth wave in the Spoos ?
>
> "Still"?
>
> I can't imagine how anyone could use Elliott Wave to count
> this as a "failed" fifth. Maybe a corrective decline in
> a larger corrective rally (see chart, Alt.), but how would
> you count 5 down from 965?
>
> FWIW, from and EW perspective, it's hard to see how the market
> could keep following the Sep-Dec. 1974 pattern even though it's been
> very similar in percentage price moves and time off
> the July low (so far). The SPX decline from 965 will be nearly equal time
wise
> to the Nov-Dec. 1974 decline tomorrow. The DJI will pay it's respects
> to 1974 in both price and time if it hits and holds 7480 tomorrow.
>
> Not a prediction <VBG>, but it'd be cool. The 70's were fun.
>
> BW
>
>
> >
> > Dale
>
>
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Attachment:
Description: "Sp60.gif"
Attachment:
Description: "Sp500Failed5th.gif"
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