Also corrective waves, which are even numbered, usually take
longer to complete then the "productive" waves. That was evident on
the advance too, as the market spent nearly 2 months in wave 4
triangle in November and December. If you examine the purpose of
corrective waves, you should see why this extra time lenght is
required for shares to change hands.
It just depends upon how the correction unfolds. A complex
structure will take more time than a simple zig zag. Again,
focus on price first and foremost and view timing as a secondary
indicator.
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Also corrective waves, which are
An excerpt from McHugh
Posted by junkie on 29th of Jan 2010 at 09:08 am
Also corrective waves, which are even numbered, usually take longer to complete then the "productive" waves. That was evident on the advance too, as the market spent nearly 2 months in wave 4 triangle in November and December. If you examine the purpose of corrective waves, you should see why this extra time lenght is required for shares to change hands.
It just depends upon how
Posted by steve on 29th of Jan 2010 at 09:16 am
It just depends upon how the correction unfolds. A complex structure will take more time than a simple zig zag. Again, focus on price first and foremost and view timing as a secondary indicator.