A little help with some graph

Discussion in 'Technical Analysis' started by POD, Oct 12, 2008.

  1. POD


    Hi all,
    I've been learning the Elliott Wave Principle for some time now, and i ran into this graph (attached) and the text, that describes it, says:

    "Wave (I) is a fairly clear "five," assuming 1789 to be the beginning of the Supercycle. Wave (II) is a flat, which neatly predicts a zigzag or triangle for wave (IV), by rule of alternation."

    Is wave (II) really look like a flat? Does it make any sense?

    <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2121051>
  2. Lucrum


    Welcome to the subjective world of EW.