Thursday, October 8, 2009

TRANS - 10/8 : Minute [ii]?

Here's an update for the Dow Transports. The waves are much cleaner to count.

Could it be indicating a minute [iii] is next to come and possibly implying something for the INDU and SPX? So far it is very possible the transports put in a top on 9/17 (4055.58).

A clear looking 5 wave impulse down for minute [i] and so far an approximate 61.8% retracement of that impulse to complete/nearly complete minute [ii]. This count of course becomes invalidated if 4055.58 is taken out.

Let's see how she unfolds...


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