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There used to be an old rule about break away Gaps , meauring Gaps , and
Exhaustion Gaps . Not to mention Gaps R filled . ( Think this goes back to
Grain charts in the 70's)
I dont recall the exact chart technique but it looks like the meauring gap
predicts the top to be the august high as you mention .
Considering the delta chart , your EW , and GAP folklore it does not look
like a very merry Christmas for the bulls .
Sweet Bear Market Dead Cat Bounces to All ...
and to all a good night.
In a message dated 10/19/02 5:06:21 PM Eastern Daylight Time,
prosys@xxxxxxxxxxxxxxxx writes:
<< So, this is what you are saying ?(attached)
We could get back to the August highs then in a "C" wave move ?
This definitely has some merit. Frustrate the shorts, suck-in the longs.
-----Original Message-----
From: Hill, Ernie [mailto:ernie.hill@xxxxxxxxxx]
Sent: Saturday, October 19, 2002 10:15 AM
To: 'realtraders@xxxxxxxxxxxxxxx'
Subject: RE: [RT] short term top
While EWT is not really my thing it appears to me and many others who's
opinions I value that we are currently in an a-b-c correction with the "a"
wave completed or near completion. This corresponds well with my high pivot
date of 10-22 plus or minus two days. It will be interesting to see how much
of the "a" wave is retraced by the "b" wave. Could be all of it and then
some. Following this pattern and my timeline puts the "c" wave being
completed somewhere in the vicinity of 11-11 to 11-22.
E >>
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