AI
Thursday, June 01, 2006 3:22:12 PM
mr_cash4 on symantics of the bottom...
My fibs on the $compx down impulse starting 4/21/6 at 2378 suggest that the 3rd wave in the impulse down starting 5/8 at 2352 was a "3 from hell" and almost precisely 2.618 of W1 (versus 1.618 W1). So the down juice was squeezed from the comp in a double fibs-length 3. The 5th is truncating now so the bottom of the double 3 isn't getting breached. My counts suggested 2127 (W5=W1) or 2083 (W5=o.618xW1+W3) as full 5's down.
My question on Hurst v. (or in concert with) E-Wave is, "would the Hurst low occur at the actual low ie: bottom of "3 from hell" or does the low occur in a time sequence at the lowest point in the truncating 5th wave in an impulse?" In this particular case, the time difference is only a few days so it probably doesn't matter, but what if longer?
My counts:
W1:4/21 2378-2295
W2:5/3 2295-2352
W3:5/8 2352-2135
W4:5/24 2135-2210
W5:done? Truncated from 2210
My fibs on the $compx down impulse starting 4/21/6 at 2378 suggest that the 3rd wave in the impulse down starting 5/8 at 2352 was a "3 from hell" and almost precisely 2.618 of W1 (versus 1.618 W1). So the down juice was squeezed from the comp in a double fibs-length 3. The 5th is truncating now so the bottom of the double 3 isn't getting breached. My counts suggested 2127 (W5=W1) or 2083 (W5=o.618xW1+W3) as full 5's down.
My question on Hurst v. (or in concert with) E-Wave is, "would the Hurst low occur at the actual low ie: bottom of "3 from hell" or does the low occur in a time sequence at the lowest point in the truncating 5th wave in an impulse?" In this particular case, the time difference is only a few days so it probably doesn't matter, but what if longer?
My counts:
W1:4/21 2378-2295
W2:5/3 2295-2352
W3:5/8 2352-2135
W4:5/24 2135-2210
W5:done? Truncated from 2210
"When all you have is a hammer, the whole world looks like a nail..."
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
