

I also believe that with the new low today, any corrective a-b-c bullish options from the highs, got thrown out the window, because we no longer have only three completed waves on the table.
On the micro counts, we ended in a 4th wave, with a little more to come Monday morning to finish the smaller degree 5th wave, and very possibly the entire wave down. If the super bearish option of 1-2, 1-2, down plays out, Monday will be very ugly, and should leave no doubt, that we are in that count. We would open right in iii of 3 down.


It would solve the problem on the DOW of wave 4 entering wave1,( BTW, Kenny also has a very good explanation for that with a LD). The structure of the rally yesterday looks more like a 2nd wave rather then a 4th wave. It is a wild and crazy idea, that is very bearish, but might be worth keeping on your Radar!!
Comments?
definitely would be very bearish, if yesterday was a 2nd wave -
ReplyDeletebut imagine how bearish it'd be, if it still was just a 4th, and the 2nd and then the 3rd, were still enroute...
spooky and scary ;-) happy halloween
LOL!! so true!!
ReplyDeletewhy so craZY? we have not seen this kind of volume for some time..
ReplyDeletein other words,, is it rare to see 1-2,1-2. ? I am not proficient in ew.
ReplyDelete"is it rare to see 1-2,1-2?"
ReplyDeleteAbsolutely not. 1-2,1-2's happen quite frequently, all you have to do is look back at the rally from 666 earlier this year.
I have a gut feeling you may be correct,, the fractals fit, and if we came up with 1-2,1-2,, it stands to reason we will 1-2,1-2 on the way down.
ReplyDelete