Did the NDX just complete an extended fifth wave reversal from the full wave that started off the
March lows?
Extended fifth's are double reversed; so the recent 2 week decline would be completely
reversed back up.
E-wave question - help
Started by
stocks
, Aug 02 2007 08:01 AM
1 reply to this topic
#1
stocks
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Posted 02 August 2007 - 08:01 AM
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Defenders of the status quo are always stronger than reformers seeking change,
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
Defenders of the status quo are always stronger than reformers seeking change,
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
#2
SilentOne
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Posted 02 August 2007 - 09:47 AM
stocks,
I think that is unlikely. An extended 5th would be more like the 2000 tech blowoff. I don't think that is what we have seen here. In fact, I would submit that technology is in a bull mode.
cheers,
john
Edited by SilentOne, 02 August 2007 - 09:49 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
