The odds can favor the alternative count and tomorrow complete the wave 2, down, in the first half hour or so of trading hours. After this wave 2 can be in place, then wave 3, up?
Monday, May 28, 2012
Above, is a 60 min chart were we show what, we think, could be a truncated minute wave 5, with an upside to 1,366 area. If this could be right, then primary wave B will be completing its development so primary wave C could start the "big and real" downfall down to 600 or less as we are calling some months ago.
Below is a 15 min chart showing, what we think, the development of first 4 minute waves of minor wave 5 and we also think that, the minute wave 5, could be an extended wave up to the 1,366 area.
Posted by About me at 1:58 PM