For now, we'll assume this is a wave [ii. This option will be ruled out if the market continues to retrace and fall below 1891 essentially taking out wave [i.
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| 60 Min |
Monday, February 29, 2016
2/29/16 - EOD Update
So far wave [ii of {c may be playing out. However, as I posted earlier this AM, the count does allow for wave {c to be complete as well along with the rising wedge that may be forming.
For now, we'll assume this is a wave [ii. This option will be ruled out if the market continues to retrace and fall below 1891 essentially taking out wave [i.
For now, we'll assume this is a wave [ii. This option will be ruled out if the market continues to retrace and fall below 1891 essentially taking out wave [i.
2/29/16 - AM Update
6:50 AM - If wave {c did not complete last week, today's dip may be wave [ii of {c of -y.
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| 6:50 AM - 60 Min |
Wednesday, February 24, 2016
2/24/16 - EOD Update
Took a small short position on the retrace to 1930 as I was looking for based on the primary count. One caveat is the new alternate I have in orange. This would help explain my initial concerns with the wave structure off the 2/11 low.
A move above 1947 will make the orange count the primary.
A move above 1947 will make the orange count the primary.
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| 5 Min |
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| 60 Min |
6/24/16 - AM Update
6:20 AM - Looks like the fifth wave may not have been complete and will extend. Lets see if it takes this path.
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| 6:20 AM - 5 Min |
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