So, here's what I'm seeing...
I've been looking at the #'s on the naz recently and here is what seems to make sense from an Ewave perspective...in order to make some guestimates on what the funk is next..
W1 down 1913 to 1867 actual length of 46 points
W2 1867 up to 1904 was precisely .786 retracement of the first wave move and as far as it can go w/out continuing up...
W3 1904 to 1786...the killer waterfall on Friday, but definable as a double W3 instead of 1.618 * W1, it traveled to the next fib level of 2.618 W1 (precise number is 1783.57)
W4 1786 to targets is now in progress and suggests 2 targets...travel to 1831 (standard move .382 [.236 was 1814 and already breached]), or 1845 (less likely) then head down again in...
W5 down targets of (1) 1785 (W1=W5) or (2) 1758 (.618W1 + W3)
As always, hope anyone who cares and actually reads/uses this is careful. Trading the turns can be effective on beta stocks even though the data may just create a situation of being confused at a higher level...like the author.
all imho
GLGT
A.
"When all you have is a hammer, the whole world looks like a nail..."
