Posted by hornsant on 26th of Aug 2008 at 08:30 pm
Hi Tony, I think that at this point nobody dares or cares much
about the EWs because it has become a traders mkt, and until the
mkt shows some direction all eforts to pin the wave will be futile,
but I will keep in mind your idea cause you might just be right.
Have a good day.
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EW COUNT
Posted by tonygrusso on 26th of Aug 2008 at 03:41 pm
Matt/Steve,
not sure if any posted this. but we could make a case where
1200-1313 was wave A
1313- 1263(today low) or may be a little lower- 50% retracements comes in at 1257.
and maybe wave C from these lows . any thoughts?
waves
Posted by hornsant on 26th of Aug 2008 at 08:30 pm
Hi Tony, I think that at this point nobody dares or cares much about the EWs because it has become a traders mkt, and until the mkt shows some direction all eforts to pin the wave will be futile, but I will keep in mind your idea cause you might just be right. Have a good day.