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Post# of 704044
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duper_man

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duper_man

Re: metsin2 post# 147036

Tuesday, 09/02/2003 9:07:34 PM

Tuesday, September 02, 2003 9:07:34 PM

Post# of 704044
Metsin, when I was in Elliott wave class they taught us that wave 5 and wave 1 are often equal. So to see how far wave 5 will go measure wave 1 and add it to the wave 4 bottom.

On SPX I get wave 1 = 107 points.
So, wave 5 = 961 + 107 = 1068

There it is, SPX target = 1068. That should take care of the shorts. Then we can start shorting knowing the last 5 shorts have capitulated. Good plan?
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