It is not always possible to get the count right during the move
but it will most often show itself after the move completes.
I am certainly NO expert and have just recently started studying
the counts. (Yes news trumps the charts but sometimes it just shows
us a completion) I am finding that even if we don't get all the
counts right that the ROC (and Mac D Histogram) will usually point
out the 3 to 5. (5 being the completion) 3 is usually the
trending move and most of us were thinking that we still would get
a bit stronger 3 DOWN. (That was a pretty funky end to wave 3.
Maybe it would have continued down where the 5 was if the PPT had
not jumped in)
This is just a thought that we may be in some type of ABC UP
move before going back down. If any of you have other thoughts or
other possible counts, I would love to see them. FinaM
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Title: spx http://stockcharts.com/h-sc/ui?s=$SPX&p=15&yr=0&mn=0&dy=10&id=p29627585858&a=149487630&listNum=11 It is not always
Posted by finam on 19th of Sep 2008 at 11:52 am
http://stockcharts.com/h-sc/ui?s=$SPX&p=15&yr=0&mn=0&dy=10&id=p29627585858&a=149487630&listNum=11
It is not always possible to get the count right during the move but it will most often show itself after the move completes.
I am certainly NO expert and have just recently started studying the counts. (Yes news trumps the charts but sometimes it just shows us a completion) I am finding that even if we don't get all the counts right that the ROC (and Mac D Histogram) will usually point out the 3 to 5. (5 being the completion) 3 is usually the trending move and most of us were thinking that we still would get a bit stronger 3 DOWN. (That was a pretty funky end to wave 3. Maybe it would have continued down where the 5 was if the PPT had not jumped in)
This is just a thought that we may be in some type of ABC UP move before going back down. If any of you have other thoughts or other possible counts, I would love to see them. FinaM