ajtj99's Market Pulse

[porter]

<Did it ever prove useful?>

Long-term, yes, especially when everyone has the same count and you don't. I'm quite serious about this.

<Anywhere I read, there are folks not agreeing which wave it is now.>

Before the open several counts were possible.

<I did the count yesterday, 4 bloggers that I follow say we go up and 4others say we go down with next wave.>

Out of the eight, the first question to ask is: what criteria are they using to label a particular formation a "wave three"?

Next question: Out of the eight bloggers posting, who are taking the time to label "complex" 2's and "complex" 4's ?

Lastly--when four say up and four say down, I'd go with the ninth guy who calls for a sideways.

Right now we are still "channel huggin'" up.

Regards.