@ 4 PM
If Minute 3 = Minute 1 = 90 points, then Minute 3 tops around 1390.
As per our forecast of 1430 by June end. It is about 130 points from today's low in about 11 weeks.
Market would average a 12 point gain every week.
@ 12 Noon
If Minute 3 = Minute 1 = 90 points, then Minute 3 tops around 1390.
As per our forecast of 1430 by June end. It is about 130 points from today's low in about 11 weeks.
Market would average a 12 point gain every week.
We made a new low for Minute 2, and that makes it a special case of WXYXZ, where all the three actionary waves are zigzags. This triple zigzag is a rare occurrence per EWP.
The alternate count remains that 1344 was the top. But DOW has breached it's Feb high.
The other possibility is that 1339 reached earlier this month could be a truncated top.
But I do not see a 5 down from there. I see an abc, labeled as the first W in Minute 2.
The preferred count is that we reach SPX @ 1430 by June End.
As proposed in the Intermediate and Primary Counts.
As proposed in the Intermediate and Primary Counts.
AAPL is in 4 of P5. It needs to complete 5 of P5.
XLF needs to finish 5 of (C).
USD needs to finish it's 5 of P3, completing the breaking out from the triangle.
We are trying our best to not let our own bias force a particular count on the market.
Vega - I have to agree...the thrusts down all appear to be A and C waves.
ReplyDeleteJeffrey,
ReplyDeleteYeah, the market threw an extra X and a Z at us, but we handled it.
Hell yeah we handled it!
ReplyDeleteour counts do differ a little - so here's my 2 cents...
ReplyDeleteI'm thinking today's low was Minute 4 with a Minute 5 from 1353-1365.
seems commodities are way frothy - dollar over-hammered...a blowoff top to come soon to coincide to an equity top sooner than later...that's my thinking as of now
http://jeffreygtc.blogspot.com/2011/04/thursday-april-14th.html
ReplyDelete