So far it's in a healthy a-b-c move

ddd

Forevergreen

胡同儿串子

greenback

Let's keep the fingers crossed ...
bought a small position dip at the end ...

whzdf

Diver

ddd 发表于 2011-2-22 16:21

buctusa

All-in to buy dip now?

1234

Thanks d laoda

leftright

coolwenwen

hmm.....

wave 3 shouldn't be the shortest among 1, 3 and 5 ba?

chickencoop

Thanks

hfang01

RedCedar

Thanks!!!

sqgs

ddd 发表于 2011-2-22 16:21

   

萧秋水

炒股新手

一马平川

coexist

HTER

ddd

hmm.....

wave 3 shouldn't be the shortest among 1, 3 and 5 ba?
coolwenwen 发表于 2011-2-22 18:22

There are other counts that can satisfy that rule:

1) With extended w5   



2) W3 being the largest wave including an extended corrective move within



However, I like to see MACD to "flip" over to the other side to "confirm" w4; thus my original count.

Market data is TREND superimposed with NOISE. In smaller time frames, the "noise" component of the market is some times too strong to skew a "perfect" count.

In a "perfect" wave structure, w3 is indicated by the largest move of MACD, and w5 is indicated by a MACD neg. divergence. Well, in this exercise, I could not come up with a count to satisfy w3 being companied by the highest MACD reading. That's another "imperfection" for me.