![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpeqldkH1bOPtsdzInnosAOWpcArVyDBO_FAPUHrPDQruXPYHZJ1S1t3v7T-3e28Bb0mkkQ5MhFGlpMgT2pmZPGwpmard6mULedkDaVz-Sj8pQic9GY_yG0fxPuXna0e_cGeRGaqBN4Og/s320/spx-minBflat.bmp)
UPDATE 8-26
A mistake has been pointed out to me with the labels on this count. Since I re-use the charts and move labels around, I completely forgot to remove the Minuette waves labeled (i)-(v). This should be labeled as an a-b-c, which I believe I can do. I won't change this chart now until I see more confirming action in the market.
Let's just say right now there may be a Leading Diagonal forming off the 1037 high(this is assuming I change my count and make that high the top for [v]) from yesterday.
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This would be considered an alternate count that I would have for the current structure. MINOR B is not complete and we are working on an expanded flat.
One problem with this count is that Minute [B] is 1.50 x [A]. Per EWP guidelines, Minute [B] is typically no more than 1.38 x [A]. So it is not by much and it is more a guideline vs a rule so this may still hold as a potential alternate.
IS IT GOING TO BE TODAY?
ReplyDeleteDREADFULL P3 WILL TRIGGER???
I AM GOING TO SHORT THE MARKET WITH THE LAST CENTS I HAVE.....
Jose,
ReplyDeleteAre your stops in place?
ohmy!!!
ReplyDeleteit is happening again... but i will keep my shorts, because keeny, dan and ewi will take me to gaminedes!!
i have faith!!
i am a beliver!!!
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