Replies to post #33175 on Short Term Trading Member Forum

[willieintheno]

Chuck:

Technically, I think the lines are still contracting, but not by much.

I extended them out to the left on 2nd chart. If you look closely, the right points are slightly shorter than the left.

A drop below yesterday's low negates E.D.

That would mean we completed an ABC to 1885 and the drop to below 1668 has begun????

Thanks
Willie

[frankp3]

Maybe it needs another ABC up to complete this wave up.
If so we're prolly looking at a correction of the whole wave
down from 2240 and being a 2 we should be looking for 50-62%
in a longer time frame(mid may?)So Im waiting for a gotta go pattern to trade........ A triangle along in here would be nice but no where in sight.lol