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>