friday trading, page-249

Heremes

Thanks for the immediate response

Suddenly it appears that you are not so sure of wave 4 up target.

If it only goes up by 5-10 %, then if we begin wave 5 down, then based on wave 2 length (923 points) and wave 4 length (say 300 points only), then wave 5 down target is

Wave 4 up = 3217+300 = 3517

Then Wave 5 down target is a mind boggling 2294 (3517 - 923-300).

Then the entire long term investors' dream would be shattered for ever.

Only few smart traders would make heaps of money - anyway that is the way this whole world is set up.

Sara