Monday, July 27, 2009

Minuette Wave IV Triangle

As I mentioned in Dan's blog earlier in the morning, this alternative count appeared to be valid as well. Given the action into the close, I will have to change this to my primary count.

WaveTrader said...

" and as the morning has progressed, i do see an addtl count:
this morning's high may only be the top of minuette iii of minute v. what has transpired since this am's high is minuette iv (forming a triangle) of minute v.
so in the end:

a break above 982.49 will confirm that

or a break below 965.95 confirms minute v was in at 982.49"
July 27, 2009 12:42 PM

An alternative to this would be a flat structure beginning at the 98.40 high. But for now, my primary count is a triangle minuette iv in progress with a minuette v due sometime tomorrow.


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