Heres what Danerics up to the moment chart shows a CHANNEL forming
and IMO, could be
wave {A} to 1041
WAVE {B} still in progress in wave [c] of {B} today
IT would need to BREAk the channel by collapsing under 1041 with volume
I still think it will do the by Friday,
we'll see what todays close brings
the reading calls for a good start, but it did not start good. however, it did recover
and the reading also issues a caution with $$ warning
SO - a late collapse could set up the low Im still looking for on the 2nd
Jay
1 comment:
DJI went below Aug 28 hi. The rally from there was a surprise to the count that has August 18 as a B.
The very bullish alternative count becomes a possibility with today's action. This should not be discounted.
That bullish alternative count is that Sept 3 low, not August 18, was B. In that case, DJI going below Aug 28 hi has no significance. This count will make 1080 (or 1075) as top of 1 and a wave 2 bottom at today's low, and the move from today's low (i) of 3 up.
This count can no longer be dismissed, though overbought technicals are against it.
I took profit on my shorts around 10 ish, a bit too early. I then re-entered short at 38% and 50% retrace. Just took loss on latest short. Now standing aside.
Post a Comment