http://www.bostonwealth.net/2009/07/04/morties-forecast-for-the-intermediate-term-4jul2009/ Stock market commentary, fundamental & technical analyses on the financial markets, sponsored by Boston Wealth Management, LLC Wed, 10 Mar 2010 00:17:52 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.bostonwealth.net/2009/07/04/morties-forecast-for-the-intermediate-term-4jul2009/comment-page-1/#comment-268 Mortie Mon, 06 Jul 2009 07:04:25 +0000 http://www.bostonwealth.net/?p=1881#comment-268 Searchgr: sorry I just found this question about when W4 should end per the daily chart. There is really nothing that will prevent a W4 from becoming a long sidewise consolidation. If the blue (normal) ellipse does not catch the market and end W4, then the white (LT) ellipse can catch it. After a time, the PTI would get so low that a successful W5 would become less probable though. The PTI compares the area under W3 to the area above W4. As the area above W4 increases the PTI would decrease until it got below 35 ~ at which point a successful W5 that will take out W3 is less probable. Searchgr: sorry I just found this question about when W4 should end per the daily chart. There is really nothing that will prevent a W4 from becoming a long sidewise consolidation. If the blue (normal) ellipse does not catch the market and end W4, then the white (LT) ellipse can catch it. After a time, the PTI would get so low that a successful W5 would become less probable though. The PTI compares the area under W3 to the area above W4. As the area above W4 increases the PTI would decrease until it got below 35 ~ at which point a successful W5 that will take out W3 is less probable.

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