Replies to post #30563 on T/A ETF AND INDEX

[jdoyle]

With the opening move today, has your count been adjusted?

[POKERSAM]

The bullish count is now highly unlikely.

[POKERSAM]

Note the Bullish count in #30563. There is now the possibility that we are in a wave [iv] triangle. If this is so we drop and then thrust to a new high to end the 5 of (C).

Remember that a wave four is the most difficult wave to predict. A wave four can take many different patterns and combination of patterns. The high volatility and whipsaw of the last month are consistant with wave fours.

This bullish count is back on the table. Watch the bottom AC trend line on a 30 min. chart.