tag:blogger.com,1999:blog-1390332969136161956.post1223966747009537857..comments2023-07-02T06:55:31.510-07:00Comments on Animal Spirit Forecasts: 9/24 1:45Steve Koteleshttp://www.blogger.com/profile/07995142353788940838noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1390332969136161956.post-2229676193733324302010-09-24T11:51:47.718-07:002010-09-24T11:51:47.718-07:00So you're using EW here in a modified form? Y...So you're using EW here in a modified form? You are letting I1 tell you when the orthodox top is and then if the retrace slightly exceeds that (wave 2 moves to a price that's beyond the beginning of wave 1), you do not relabel your count, even though EW does not allow wave 2 to retrace beyond the beginning of wave 1.<br /><br />Why not just relabel the waves according to EW rules?pimaCanyonhttps://www.blogger.com/profile/09477196225992507658noreply@blogger.comtag:blogger.com,1999:blog-1390332969136161956.post-37295494536956013822010-09-24T11:20:31.402-07:002010-09-24T11:20:31.402-07:00pima
I agree that the move is a completed 5 wave f...pima<br />I agree that the move is a completed 5 wave from yesterday's low. The wave count above is after the orthodox high. So this 5-wave up is the c wave to complete the wave 2 correction of what I believe is a 5-wave down from Tuesday. Wave 2's are tricksters and look like they will bust loose.Steve Koteleshttps://www.blogger.com/profile/07995142353788940838noreply@blogger.comtag:blogger.com,1999:blog-1390332969136161956.post-27975194885394278612010-09-24T11:01:38.753-07:002010-09-24T11:01:38.753-07:00Hi Steve,
Are you still looking at this move up a...Hi Steve,<br /><br />Are you still looking at this move up as Wave 2, given that it has made a new high? Thx.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1390332969136161956.post-3933135327219774282010-09-24T10:57:28.980-07:002010-09-24T10:57:28.980-07:00Instead, I would count this move up as impulsive f...Instead, I would count this move up as impulsive from yesterday's late day low. We have completed (or very nearly completed) either the entire 5 waves of that move, or we could be at/near the completion of wave 3, with waves 4 and 5 to follow. I hope it's the former because I am ready for this market to tank!pimaCanyonhttps://www.blogger.com/profile/09477196225992507658noreply@blogger.com