tag:blogger.com,1999:blog-6135767210188526078.post4040329120942663421..comments2023-07-28T11:28:55.153-04:00Comments on pebblewriter: Matryoshkaspebblewriterhttp://www.blogger.com/profile/11324367600914701000noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6135767210188526078.post-80797186745228453222011-06-15T15:28:28.050-04:002011-06-15T15:28:28.050-04:00Just put up a quick new post with current thoughts...Just put up a quick new post with current thoughts. Will expound more later.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-88797748726102696442011-06-15T15:20:48.170-04:002011-06-15T15:20:48.170-04:00What you think here Pebble. Thanks for your thoug...What you think here Pebble. Thanks for your thoughts.The Hookhttps://www.blogger.com/profile/09663409569521261853noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-44963925671344733662011-06-14T22:39:02.369-04:002011-06-14T22:39:02.369-04:00First, I don't hold myself out as an EW expert...First, I don't hold myself out as an EW expert. I mooch off of much smarter guys like http://danericselliottwaves.blogspot.com/. But, as Dan says, and I agree, we're either in a triangle, trying to finish out minor 4 and launch 5 of C of P[2], or we're in [iii] of minor 1 of P[3]. He's got a great discussion and weighing of the options on yesterday's and today's pages.<br /><br />As to whether 1379 makes sense...clearly it would depend on whether one or the other of the above scenarios is playing out. My view is that we're going up to the mid-line of the channel referred to in the "Update: Channel Surfing" post. It's around 1330 today and rises to 1340 by August 11 (the 87th day).<br /><br />If 1370 was the top, this mid-line is likely as good as it gets. If we're on our way up to a new minor 5 high, then obviously we'll have more upside. And 1379 is a reasonable assumption, although who would be surprised if 5 were truncated? <br /><br />I'm working on another post about all this, hope to have it up late tonight or in the a.m.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.com