SPDR S&P 500 (SPY): Blasher, Gleno and NM: this is where Q...

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Re: blasher post# 42068

Monday, 02/25/2008 12:08:12 PM

Monday, February 25, 2008 12:08:12 PM

Blasher, Gleno and NM: this is where Qs should go...because, according to Prechter and Elliott, once the e wave is completed in a continuation triangle, the price should follow its initial direction for a distance equal to the base of the triangle. In time, the target should be reached roughly at the apex of the triangle. BIG QUESTION: WHEN WILL THE “e” WAVE BE COMPLED? Or was it this morning? If you make strict measurements: NOT YET. Regards, fox

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