Posts by "daveo"

SB, the main criticsm of EW is its very subjective and that is undeniable. I always look for 3 alternate counts so I cannot be wrong footed. Obviously have my preferred count until invalidated.

The strongest case supporting your supposition is that a futher move down for the possible ABC I still have as an alternate is that time would be rather extended beyond normal expectation.

The move up from May low to Aug high was an "impulsive move containing 5 waves. It was not a corrective move in itself. The correction down from there was not a simple ABC correction but could have been one of the family of complex corrections and therefor could have completed at the 38.2% level.

Jury is still out until the 5997 high is exceeded.

Hehe SB. I have difficulty understanding Said.

Furthermore, notice it has tested my symmetry target at 1.5935 three times in the last 5 trading days

Not understanding you Said. Please clarify.

OMG, DX about to kiss the 78.6% at 77.44. And to think the last 3 broker accounts I opened were in USD to hedge my pound holdings.