Wednesday, June 30, 2010

6/30 2:10

The count posted last night, that Minuette iii ended yesterday still stands as highest probability.  The ADP report caused me to increase the probability of yet another muted rally attempt (less than 1.5%).  This would fit in with an abbreviated Minuette iv in time and price and resolution to the Minuette v low directly ahead.  There are now only 2.75 trading sessions to the mid-day 7/6 I1 bottom (7/5 is a holiday).  Minuette ii lasted 1 day from low to high.  Wave iv started yesterday at 3:45.  Wave ii was a triangle.  Wave iv so far is a flat, so alternation applies.  My labelling of the waves relies on the fact that the I1 low will mark Minute 1 of Minor 3.  The completed zigzag for Minuette iv is a 3-3-5, thus it is a flat.

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