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Non-Cattle Specific Topics
Coffee Shop
Third Wave of Foreclosures
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<blockquote data-quote="HerefordSire" data-source="post: 666038" data-attributes="member: 4437"><p><em>According to my research of the Elliot Wave principle, a major upward or downard move in a financial statistic has five waves with three up and two down in an alternating sequence. The third one can knock your socks off. The fifth one sets the peak and then another wave pattern emerges, such as a retracement pattern. The alternating waves, such as the second and fourth waves, usually retrace by a fibinacci number. I will say this again in another way....the third wave will rip loudly. Look at the title of the post and then look at the ARM chart.</em></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 666038, member: 4437"] [i]According to my research of the Elliot Wave principle, a major upward or downard move in a financial statistic has five waves with three up and two down in an alternating sequence. The third one can knock your socks off. The fifth one sets the peak and then another wave pattern emerges, such as a retracement pattern. The alternating waves, such as the second and fourth waves, usually retrace by a fibinacci number. I will say this again in another way....the third wave will rip loudly. Look at the title of the post and then look at the ARM chart.[/i] [/QUOTE]
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