test4

Saturday, July 18, 2009

Similar Expanded Flat Happened in 1973

From this website
http://www.elliottwave.com/club/members/tutorial/lesson4/4-2.htm


In expanded flats, wave B of the 3-3-5 pattern terminates beyond the starting level of wave A, and wave C ends more substantially beyond the ending level of wave A,. The formation in the DJIA from August to November 1973 was an expanded flat correction of this type in a bear market, or an "inverted expanded flat".


Notice the similar pattern with STI????

No comments:

Post a Comment

Please Comment >>