Wednesday, August 18, 2010
8/18 3:50
The only way that my top 2 counts make sense it to count the move from today's low as a 3 wave. The top count has a new high to complete an ABC. The 2nd is an ABC from today's low which is already completed.
8/18 2:55
Showing 3 up from this morning's low. I hope it holds here. My count is that we are in a C wave which requires 5 up. So my count is for a new high.
8/18 1:20
We have completed 5 up from this morning's low.
My view is that the breakdown from the rectangle never got a 5 down. The low SPX was 8/12 at 1076.69. From this point we could be in an ABC with a new high completing the C wave.
My view is that the breakdown from the rectangle never got a 5 down. The low SPX was 8/12 at 1076.69. From this point we could be in an ABC with a new high completing the C wave.
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