It will be of interest to readers that Wave C was exactly equal to Wave A. Once again, this fits in with the Elliott Wave theory that says alternate waves in a correction tend to be related by a Fibonacci ratio, and 100% is a key number.

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Elliott Wave Theory says that when a five wave movement in a trend is completed, we should look for a correction.

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There are countless strategies, indicators and systems that are mentioned in the popular press with such catchy names as the January Indicator, Dogs of the Dow, Elliott Wave Theory, Dow Theory, Sell in May and Go Away, and the Fed Model.

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In its most simplistic level, Elliott Wave theory says that the main trend consists of five waves.

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In theory, the idea for Wave is simple.

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Elliott Wave Theory states that all corrections tend to unfold in three-wave patterns.

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According to Elliott Wave Theory, one of the three impulse waves in a five wave movement will likely be an abnormally long (or extended) wave.

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However, since the laser, being light, acts as a wave, the theory is that the sphere should end up in two places at once as a result.

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