Friday, March 10, 2006

Wave impressions


Thought I’d throw up a chart I have running in the background with the two predominant views, and ask a question for you Elliott Waveticians.

One of the points that was brought up in the Videos was the fact that reversals start with impulsive/motive waves, and that appearance has a lot to do with nomenclature.




Looking at this, maybe it’s just me but this euro fall from the start of last year, looks impulsive?????

I know there are many counts regarding this as a corrective wave, and using the old adages “you can’t tell a book by it’s cover” but “if it looks like a flower and smells like a flower, chances are it is a flower, ummm - motive wave? :)

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