So i was reviewing the overall elliott wave structure for this bull market. And noticed this Rule for wave counts: Wave 3 should not be the shortest wave among Wave 1, 3 and 5.
I have wave 1 from the 666 bottom to may 2011, 1370
and start of wave 3 from the oct 2011 low of 1070.
since wave 3 has to be the longest of the wave, wouldn't the minimum target be (1370-666)+1070= 1774?.....
seems a bit off to me.... anyone care to chime in?
Edited by stevesteve121 - 4/23/12 at 2:40pm