Understanding Price Action - Impulsive vs. Corrective Moves

Here's a great video by Chris Capre ofwww.2ndskies.com, (thanks to www.YouTube.com) in which he talks about one of the concepts I use in my own price action analysis. (I don't personally use the MACD or Momentum indicator or Fibonacci, as Chris does, but the concepts of impulsive and corrective moves are vitally important to understanding likely future price movement.)