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Thursday, 07/13/2006 8:27:42 PM

Thursday, July 13, 2006 8:27:42 PM

Post# of 51808
No More Wave 2 Flat

The Dow now joins the NDX in eliminating the wave c of wave 2 flat, and starting a much larger Wave 3.

The SPX and RUT have not eliminated their wave c of wave 2 flat counts, but the fibonacci pull back from the June 28 rally is more than the last fibonacci ratio of 78%.

It looks like wave 5 of 5 of wave c in wave 2 flat truncated near the close of July 11 for all four of those indecies.

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