wednesday summer cranker, page-8

Hi Maxi48... I'm a little confused with some of your statements in your above post.

1)...Re: 1552H to 667L..."Maybe a Classic 123 "Zig-Zag""... More like a classic "Flat" ABC if indeed you were refering to the wave action between those swing points. I'm prepared to say that we could be doing a "Zig-Zag" correction since the 1576H if that's what you were refering too!

2)..."For a bullish count with a trend line...1991 1992 2002 2003 2010 2011."...not too sure if you have some of those dates wrong but I have tried to show two possible trendlines to cover most of your dates but also some of mine. Am I wrong here?

3)..."DATES 31/12/1991----31/10/2002-----31/3/2003---30/7/2010...LOOOK AT 31/10/2011."...Bullish Outside Range Months, nothing else, right!

4)..."fibs from 666---1176.97. look at that 1176.97...DATE 31.1.2002."...Why look at the 1176.97 swing high?; are you suggesting a "Point of Control" is at this level over this whole 15yr(180mth) Range. If so I tend to agree but, again, am I missing something else about your choice of swing level?

A Monthly Chart to help clarify some of yours and my points'