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Question Of The Week - 10/24/2007 |
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Question:
Can the middle wave of any corrective formation be the shortest in length? I know NEoWave says it can never be the shortest in time.
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Answer:
It is actually very common for the middle leg of a 3 legged formaiton (i.e., wave-b in a zigzag or flat) or 7 legged formation (i.e., wave-d of a NEoWave Diametric) to be the shortest in price.
On the other hand, the middle leg of 5 and 9 legged corrections (wave-c in Triangles and wave-e in NEoWave Symmetricals, respectively) should NEVER be the shortest in price.
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