dandelion

Hi Rob: I redo the charts to make sure I understand you correctly. Refer to pic5.jpg Refer to pic6.jpg Based on your Nasdaq 8/09 example, CD comes down to 78.6% of BC but actually went below PSZ of AB instead of staying above as mentioned in your requirements for a continuation of uptrend. Did you meant "staying above PBZ of AB" instead? Then this scenario would be similarly to that drawn in pic6.jpg, right? Thank you.

Hi Rob: Yes, I am interested to know about running corrections. I saw this term in Ray's Blog, but could not find in the book. Thought I slept through a chapter.... How do we go about doing the explanation from Ray's webinar?

Hi Rob: Is there a difference if it comes down to D at 78.6% of BC instead of 78.6% of AB? How should the price behave around the PSZ and upper ME for me to change the boundaries to BC? Thank you for your replies.

Hi Rob: Thanx for your reply. I am not too sure what you mean by "I wouldn't label either one D until"? I might have been too brief in my questions. I have problems re-labelling XAB in order to calculate ME, especially when market make higher high but retrace great than 78.6%. I would like to rephrase my questions. From pic3.jpg, I label cde as XAB to calculate the ME. When higher high form at f with acceptance above ME, but market retrace to less than 76.8% of ef and turn up at g, do you mean that I can re-label efg as XAB to calculate the new ME? What happen if the market retrace to more than 76.8% of ef and turn up at h, can I still re-label efh as XAB to calculate ME? Similarly from pic4.jpg, in a consolidating market between def, I label cde as XAB to calculate ME. When market breakout with WPC and acceptance above ME, but retrace to less than 76.8% of fg and turn up at h, can I also re-label fgh as XAB to calculate the ME? How about if it retrace to more than 76.8% of fg and turn up at i, can I also re-label fgi as XAB to calculate ME? Or should I just shift the blue line at d up to g and calculate ME using c=X, g=A and e=B? Sorry for the repetition and thanx for your reply.

Hi Rob: Thank you for having this forum. I have some questions regarding the relabelling of XAB. I have attached 2 jpegs for my question. Referring to pic1.jpg, first I label XAB. Then a higher high form at C with acceptance above ME. If the market retraces such that the price is below A but at or above D, how should I re-label XAB? below D but above B, how should I re-label XAB? Referring to pic2.jpg, first I label XAB. Then market consolidates and is followed by a breakout with WPC above ME at C. If the market retraces such that the price is below A but at or above D, how should I re-label XAB? below D but above B, how should I re-label XAB? Looking forward to your reply. Thanx.