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Old 04-14-2007, 05:04 PM
dlynch82 dlynch82 is offline
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Join Date: Apr 2007
Posts: 37
Default Elliottician

Hello Elang,

I am a novice elliottician and I read thru your whole thread here and found it very very helpful and I plan to follow it until we are all millionaires. I just wanted to add my input on the wave count scenario I think we are in and see what you think.

It looks to me like we are currently in a wave 3 of III. as you can see wave 1 of III was extended and wave 2 was pretty simple which means wave 4 of III is going to be a bear to trade. Anyway I do believe it will be smooth sailing up to at !!LEAST!! 240.50 - 241.50 to end our wave 3 of III.

Also if you look on the weekly chart it looks like we are in the middle of a Major wave 5. Which tells me that if we have a major wave 5 = Major wave 1 we are looking at a top at 249.72. It should be interesting to see what happens.

Last edited by dlynch82; 04-14-2007 at 07:08 PM.
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