@ 4 PM
The position of wave X remains uncertain, depending on if we make a new low for wave (c).
Though it can also be counted as a 5-wave down, I think this is a corrective wave.
@ 2 PM
A correction this size is definitely a minuette iv, a very low probability of being only the minuette ii.
@ 12 Noon
The position of wave X remains uncertain, depending on if we make a new low for wave (c).
Though it can also be counted as a 5-wave down, I think this is a corrective wave.
A correction this size is definitely a minuette iv, a very low probability of being only the minuette ii.
@ 12 Noon
Looks like a double zigzag so far....
The DOW is sporting only a single zigzag for minuette iv though.
Hey Vega - offering as food for thought - things should be even more clear tomorrow morning... If we continue impulsing lower -- it certainly would catch most participants offsides. I think the recent action in the metals may have been foreshadowing more than most expect.
ReplyDeletehttp://jeffreygtc.blogspot.com/2011/05/tuesday-may-3rd.html