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The Market didn't know which way to go yesterday :confused: , so it was confined in a trading range, after fallen from the high at 11418, 1270, 2328 just below the pivotal point at 11438, 1282, 2331 :) . The Market should move decisively once it passes the support or resistance line :D . Only...

The is no room for the Bull below the red line at 10753, 1163, 2153. Decreasing volume at each new low lends some hope for the Bull.

Bad sign :mad: . The Market failed at the pivotal point :eek: .

The pivotal point today is 11438, 1272, 2331

A measured move down so it is wave i.v and wave ii. Next will be wave iii-iv-v to 11820, 1305, 2410 :) , because wave i is an extended wave. But the Market still keeps another option opened by keeping the Dow below 11731, the third 1-2-3-4-5 can be a short c-wave of a zigzag correction type...

From here we can have a mesured move down or a new high. If the last top is i.v we'll get the former :( , if v.i the latter :) .

If the Market wants to keep its secret, it may prevent the Dow from going above 11731 to keep the IVb]1)1-2-3-4-5 count vialbe.

Wave :3v came on schedule. The small measured move to July 23 top at 11667, 1289, 2339 is easy to reach :) . The larger measured move will bring the Market to 11820, 1305, 2410 :D .

Wave v was confirmed when it surpassed wave iii. Wave v may be an extended wave because wave iii is equal to wave i.

Wave iv may be completed :confused: . If yes, there should be a measured move up to :iii :) .

Too bad, the Market falls too deep :mad: . But wave iv count is viable until the supposed wave i territory is invaded :) . Then we shall see 1-2-3-4-5 impulse wave down and the a-b-c corrective wave up more clearly :( .

Wave five (wave :v) of c (wave ii.ã) should rebound soon if this is not an impulse wave down.

Oh! a pull back as elovemer said :cool: . The pull back is equal to the supposed wave ii now. If it is wave iv there should be a new high and a another measured move :D . If not this pull back should be a lot bigger than wave ii :eek: .

Measured move now :eek: We have to hurry :mad: We have to figure it out, whether it is an a-b-c or a 1-2-3 :confused: . Our future depends on this :D .

Near measured move as expected now :D .

The Market shows 5-3 pattern (wave .i-.ii), the present move (wave .iii) should be a five and should reach the measured move at 11530, 1273, 2363 :) .

sg_ccw My opinion does not matter :confused: , the Market will reveal the answer in no time :) . As long as one of up get the right outcome, it will be good for our thread :cool: . But this time, I think we get the same conclusion, ie., there is another 1-2-3-4-5 in the making :D . Mu...

I-II-III-IV-V-A-B-C and a new high :D . Will the measured move be touched :confused: ?

I-II-III-IV-V-A-B :D . "A small down move in wave C, followed by measured move up of 148, 14, 42 points", will be a good sign.

Futures up 31, 3.9, 6 points :) , not by BBP team. "This legislation won't perform miracles. But as others have said, it's a step - and I hope an important step - to putting our nation on the road to economic recovery," said Sen. Christopher Dodd, D-Conn., chairman of the Senate Banking...