Saturday, August 20, 2011

Weekend Thoughts


1050 or 986?

Here's another way to count this with five waves up and three waves down. I think I actually like this option the best. The LD I proposed below actually does not qualify technically as an EW LD since wave 4 does not overlap into 1, which is a requirement.

Below are 2 counts to consider off the 8/9/11 low. Both imply there should be a bounce above the 8/17 high.

I have to run for now but wanted to put this out for everyone to ponder.

I need to address wave 3 later. I believe it may count as a three wave structure.

10 Min

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