Friday, May 13, 2011

DOW 2002 - 2007 Counts

This is my count leading up to the 2007 peak in DOW. There is enough ambiguity in the 2002 to 2007 wave structure allowing for multiple interpretations.

I count it as a 5 wave Primary wave in my Super Cycle Count, because SPX does not count as a corrective wave. 

Two different ways to count the move on DOW as a 5-wave Impulse.


The chart below shows it can also be counted as an ABC move, for an expanded flat correction off the 2000 high.


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