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Re: da_cheif post# 29670

Friday, 01/11/2013 11:54:48 PM

Friday, January 11, 2013 11:54:48 PM

Post# of 31925
da cheif - I have to agree that you are way to early if you are talking about the end of this correction. This 7000 points off the 09 low is merely the (b) wave of a flat the requires another trip down in (c) to a lower low before the flat correction is complete.
I understand that we disagree on this point. I also understand that neither of us will be convinced by the other. It will take the actions of the market to settle this difference.
You believe we are in a (iii) of iii of 3 up so we should really launch higher from here with eventual thousands of points up.
I believe we are about to top in wave (b) of a flat correction and will then drop to eventually make a new correction low in (c) to below 666.

Just let me add that I understand perfectly why you believe the correction began in 2000 is over. Since the 2000 high we completed a beautiful 3-3-5 flat ending at the 09 low. Normally you would expect this beautiful flat to be all of the fourth wave correction.
IMO that flat was only wave (a) of a larger and longer flat. We are now completing (b) with (c) down to go. I believe the corrective pattern of the wave from 666 to the present confirms it.

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