elliot stuff - for jaysee..., page-2

Hi Jaysee,

Just another thought - was never really happy with the "impulse" down from $30.29 - $29.78... the 4th & 5th waves were far too short to be convincing... miniscule, in fact...

If one makes the move from $29.78 - $30.11 the 4th wave, then the clear 5-wave impulse down from $30.11 - $28.90 becomes the extended 5th wave of a complete 5-wave impulse down from $30.29 - $28.90. Looks ugly, and the MACD and RSI would insist that the 5th wave is indeed extended, bit (IMO) it works... gives a nicer 1-2, 1-2 formation as well...

Using the move down from $30.29 - $28.90, the 78.6% retrace = $29.99. The upper limit for the proposed ABC correction from $28.90 = $29.98. Very convenient.

One more line in the sand...

But if it gets above $29.99, then the next very likely target is $30.29 - $30.62... if above $30.62, your previously mentioned target of ~$33.60 ($33.70 on log scale) takes precedence...

Should be some useful leverage in there somewhere.

Any thoughts appreciated.

Regards,

Ultrafart.