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Re: twk000jester post# 4891

Friday, 11/07/2008 10:38:38 AM

Friday, November 07, 2008 10:38:38 AM

Post# of 10201
I figure this is w2. w1 was the run to .05 ish. w3 could be a long time coming. The w2 retrace cannot take out the old lows, but it can come close without breaking the spirit of the Elliot theory.

If it exceeds the old high quickly, then it might even be a resumption of w1, and cancel the w2 designation.

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