Posted by graceryan on 19th of May 2009 at 09:47 am
First let me say how impressed I am with your analysis Steve
& Matt. Your work is top notch, the way you run the sight
is fair and open. Simply put, quality people doing quality
work. Many thanks
Now on to my question:
I'm curious about the wave count on the 15 min. $SPX chart in
last night's Market Recap video. The wave you labled as 2
up exceeds the high/starting point of wave 1 down.
Doesn't that violate EW rules?
Posted by junkmaylbox on 19th of May 2009 at 10:06 am
Steve(Dodger), I have the same question on the last chart
(before the mechanical systems) as well. Your wave 2 there --
described as ABCDE -- is higher than wave 1. Thanks!
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May 18 Recap - 15 Min $SPX
Posted by graceryan on 19th of May 2009 at 09:47 am
First let me say how impressed I am with your analysis Steve & Matt. Your work is top notch, the way you run the sight is fair and open. Simply put, quality people doing quality work. Many thanks
Now on to my question:
I'm curious about the wave count on the 15 min. $SPX chart in last night's Market Recap video. The wave you labled as 2 up exceeds the high/starting point of wave 1 down. Doesn't that violate EW rules?
Cheers
GAR
Sorry - the Wave 2
Posted by dodgerdog on 19th of May 2009 at 10:00 am
Sorry - the Wave 2 got shifted over to the wrong spot.
the $SPX 60 minute chart from the last night's update
Posted by junkmaylbox on 19th of May 2009 at 10:06 am
Steve(Dodger), I have the same question on the last chart (before the mechanical systems) as well. Your wave 2 there -- described as ABCDE -- is higher than wave 1. Thanks!