Nice chart by Steve Swink. There is a nice symmetry here and you can see that the 2002-2003 backtest was as precise as this could be.
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$HUI,uu[f,a]dhclyyay[df][pc105!c525][vc60][iuv20!uk14!ua5,34,5!up14,3,3][J41275804,Y].gif
I still think the HUI 4th wave triangle (from Dec. 2003 top) makes the most sense. Doesn't mean it is right, just what I think. The HUI 183ish target would meet a 78.6% retrace for wave C down.
cheers,
john
HUI
Started by
SilentOne
, Feb 08 2005 08:54 AM
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#1
SilentOne
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Posted 08 February 2005 - 08:54 AM
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
![http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$HUI,uu[f,a]dhclyyay[df][pc105!c525][vc60][iuv20!uk14!ua5,34,5!up14,3,3][J41275804,Y].gif](http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$HUI,uu[f,a%5Ddhclyyay[df%5D[pc105!c525%5D[vc60%5D[iuv20!uk14!ua5,34,5!up14,3,3%5D[J41275804,Y%5D.gif){kind=link}