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>My hand count, which has us in W.C/3 (most likely a W.3),
> is similar to your primary count.
Earl,
I consider counts similar to your hand count valid. Once again,
in a perfect replay of 1974's low, the SPX *would fail* to make
a new low. Sure looks like it needs at least a small 4th and 5th
first though, as your count suggests. There is a bit of an A-D and
ADX divergence on the hourly lows today. TWT.
--- In realtraders@xxxx, "EarlA" <earl.a@xxxx> wrote:
> 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@xxxx>
> To: "realtraders" <realtraders@xxxx>
> 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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>
>
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