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ALSI

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Super Contributor
Based on time sequence on daily charts, a move up or down about now should confirm or negatea SIMPLE ABC chart pattern...if this drags on, then a more complicated pattern to follow with a subsequent bigger move...
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Super Contributor
I am still in cash, and strict intraday futures trading only
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Super Contributor
Simple ABC corection playing out...this confirms end of wave B and wave C down now in play...could be a flat if 47000 holds, otherwise all the way down to 45000 with end of wave C....
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Super Contributor
Rams, is there some form of ratio/correlation to A/B that determines the number of points down for wave C? Example, A = 100 points down, B = 75 points up so C = 125 points down or something similar?
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Super Contributor
Rams do you subscribe to the rule of wave C being approx. 1.61 of wave A. (similar to fibo retracement)
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Super Contributor
wave A has to be larger than wave B and wave C is larger than wave A. If its a flat, then wave C could equal wave B
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Super Contributor
there are lots of such projections, but the best way to determine probability of End Of wave C, is ABC correction being 61.8% of previous trend that its correcting
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Super Contributor
And low and behold, today's low (thus far)is right on the line.
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