Watch out :eek: .
Next new low, below 1200, may be a long term Bear Trap .
Except for a Wave 3.3 count which should be longer than the supposed Wave .3 .
I'm still not that bearish as the lesser degree waves seem to subdivide into cleaner 3 wave counts hence more of a corrective pattern from the 2000 high such as a triangle, with this move down from July 07 being part of the C wave.
Bact to the short term time frame,the bradley is another reason (as Mike pointed out) together with some fib time hits that I made a note of the 9/10th time window
....now right at ... left shoulder level from yesterday's close....
.....is it real.... or just a setup for a roll over later.....
....about indicators...
... if it goes up from here.... THERE IS indicator positive divergence here
.... on the DAILY CHART
.....if it rolls over.... then the divergence is meaningless
...23.5....22.5 shoulders....
Quote from Mup: Needs to quickly clear that 1237.75 ( close ou
....if it goes ahead and bounces....
.... it will have bounced.... above 1216.5
..... that would be nice for wave 2 credence....this is getting interesting....