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> "e" waves often overshoot the upper boundaries of triangles,
particularly those of contracting triangles.
Yes, but in your case:
"it'll have taken out the highs of a and c," not just
the triangle trendline. Moreover "e" will be longer than
"c" at 857+ according to *your* #s. By definition contractions
contract.... or not, whatever you say.
--- In realtraders@xxxx, "Hill, Ernie" <ernie.hill@xxxx> wrote:
>
>
> -----Original Message-----
> From: tradewynne [mailto:tradewynne@x...]
> Sent: Friday, October 04, 2002 8:24 AM
> To: realtraders@xxxx
> Subject: [RT] Re: My EWT count
>
> >It looks to me like the market is tracing out a contracting
> > triangle defined by waves a,b,c,d,& e....and peak
> > in the 857-862 range ....
>
> >If it rallies to 857+ it won't be a "contracting triangle"
> >anymore: it'll have taken out the highs of a and c.
>
> "e" waves often overshoot the upper boundaries of triangles,
particularly
> those of contracting triangles.
>
> E
>
>
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