elliot stuff - for jaysee..., page-18

re: elliot stuff - the week that was hey red,

that info helps a lot... I was using Jun 01 as the start of the prior 4th wave - unseemingly short [compared to the prior 2nd (13 months)] if it only goes to Sep 01 (3 months)... while the big flat constructed from Jun 01 to Jun 03 is comparatively much more acceptable (21 months)...

but starting the prior 4th at Jan 01 gives 8 months to Sep 01 (62% x prior second)... makes this a more plausible alternative to the compelling big flat theory (Jan 01 - Jun 03... now 26 months, ie, 2 x the prior 2nd)...

also using Jan 01 as the start of the prior 4th forces a flat structure, with both counts. using Jun 01 gave a zig-zag into Sep 01, failing the rule of alternation with the 2nd wave.

so using Jan 01 as the start tot he prior 4th helps clarify the possibilities... only hiccup I can see with both counts is the descent from 29 Jun 01 - 21 Sep 01 should ideally be an impulse, but looks like an ABC... but that applies to both counts, bullish and bearish, so I'm happy with that...

still, bottom line is, it could go either way yet... short term patterns suggest downside imminent, but until it impulses below $27.90 or above $30.62, both bullish and bearish views will remain in contention...

regards,

Ultrafart.