The e-waves paused for the days the market was closed due to Hurricane Sandy. The fact that a text book wave (flat in this case) never had a distortion during an historic catastrophe even Hollywood couldn't create is evidence external events don't drive the market.
Hawkeye: agree re including closed days. Remember tho that you cant just buy on day N of an N-day cycle. The cycle creates a target time zone, and other methods must be used to determine the fact that price has or is in the process of turning. Oddlot
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