Replies to post #45508 on Short Term Trading Member Forum

[techcharter]

It's a Giant FLAT

INDU, NDX, SPX, NYA all can be counted as a wave 4 flat from the February 2011 high to present. Wave b of the flat is near an end and allows for the length of wave b to be either longer or shorter than wave a. Look for Wave C to be motive. The media will be yelling "sell in May, and go away" only to have Wave 5 rally into the end of May.

I still am having difficulites counting RUT e-waves. Multiple degrees of 4-5 may be the correct count.