http://stockcharts.com/c-sc/sc?s=$UTIL&p=D&yr=1&mn=6&dy=0&i=p20523916332&a=88068608&r=1508.png
Utilities
Started by
eminimee
, Oct 21 2007 05:37 AM
4 replies to this topic
#1
Posted 21 October 2007 - 05:37 AM
#2
Posted 21 October 2007 - 06:36 AM
hi T
same thing with the utils
my take is the move into aug 16 low was 5 waves for a wave 1
and we jsut finished a wave 2 retrace and are now headed down in a wave 3
fwiw
regards
gann
ps
thanks for your charts they help a LOT
gann
feeling mellow with the yellow metal
#3
Posted 21 October 2007 - 07:02 AM
hi T
same thing with the utils
my take is the move into aug 16 low was 5 waves for a wave 1
and we jsut finished a wave 2 retrace and are now headed down in a wave 3
fwiw
regards
gann
ps
thanks for your charts they help a LOT
gann
Five waves down into the aug low?...could you show me your count on a daily please....
What you might want to look at for clues on the overall count from the May top...is there was 5 waves down into the June low....but overlap of 1 with 4 so can't count it that way...has to be corrective...therefore this whole move ...where ever we bottom ...is corrective. That first move down has to be ABC.
#4
Posted 21 October 2007 - 07:46 AM
thats what i initailly thought myself. however if u look there is a tiny wave 1
in the utils . that overlap with wave 4 was getting me also but the wave 1 is
there its tiny and the wave 4 did not overlap as i see it
regards
gann
feeling mellow with the yellow metal
#5
Posted 21 October 2007 - 09:31 AM
It might be working on the RS of the H&S