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Waiting to see if there is wave :v :confused: .

sg_ccw, Thanks. This is my recount. We may be in wave three instead of wave one now. Mu.

The WORST is over :D . May be :) . Should be :confused: . Would be :( . Evidences. A rebound at measured move (Dow, SPX, support level for NASDAQ) after a complete wave count. Wait for resistance trendline break for a long position buy signal. All short positions should have been...

Third wave at measured move and resistance trendline, may be wave .ii . Wait for a pull back to confirm wave .ii count. Otherwise, it is a wave five failure with wave one to the upside.

Not wave .iv :eek: , so it's wave .ii . Onward to target :) .

Wave .iv invaded wave .i territory, wave .v may be a failure and there may be no new low. Wave .iv may be in fact a wave .ii and there may be more downward movement. The support or resistance trendline may be a good trigger.

Measured and a rebound. Wave :iii should be an extended wave and 1.6 to 2.6 times wave :i.

New low. Third wave :cool: .

New low and impulsive waves downward. On the way to target :eek: .

There is no real buy signal to take a long position until the red resistance trendline is broken.

Wave .i covered 40% (250, 25, 50 points) of the expected 600, 60, 120 points :cool: which could be easily met if there were wave .iii-.iv-.v too :) . If the Market is stronger than expected the move may be wave iv.ã and end just above wave .á to create another Bull Trap.

This is the correct chart.

Wave iv is a running triangle. Wave v started from Thursday close and could be 600, 60, 120 points long :eek: down to top of Intermediate wave 1) at 10627, 1156, 2140.

Wave four turned out to be a running triangle. Next move may be 600, 60, 120 points down move.

At a closer look there is a possibility of an irregular wave .ii :( which has just ended as a ED. If the Market falls too hard, it may turn out to be wave .iii. 1246 is the exit point :mad: .

There was wave :vii after wave :v :eek: , it turned out, so it might be a double zigzag of irregular wave iv.â (A Bear Trap) as suspected due to the time equivalent between wave iv and wave ii. The rebound can go to top of wave .á near 11400, 1276, 2295 = 300, 40, 60 points from the low , a...

This may be the beginning of the expected wave v :( to 10627, 1156, 2140 level or wave .á of wave iv which requires another rebound :) before a plunge :eek: . A new low will confirm the former.

So it is wave three (:iii) as expected which is a little bit longer than wave one (:i) and followed by wave :v. :cool:

New low, break support. Looks like wave three which should be longer than wave one :( . If not the Bulls may regain some hope :) .

Measured move with an ascending wedge :eek: . Is it an a-b-c after the profitable trendline break? What's next? :confused: