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techcharter

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techcharter

Re: Chuck703VA post# 34867

Wednesday, 07/16/2008 9:48:55 PM

Wednesday, July 16, 2008 9:48:55 PM

Post# of 51808
Chuck703VA Wave C vs Wave 3

My preferred e-wave count for the INDU and SPX is finishing wave 1 of Wave 3 or starting wave 2 of Wave 3.

The October '07 selloff into the March '08 lows had a relatively wide channel compared to the May '08 selloff to present. If they were Wave A and C, their channels and duration would be more similar.

The argument against having Waves 1 and 3 is wave 3 should have ended much lower, and lasted longer.

An extending Wave 3 resolves these two arguments.
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