AAPL 9 months daily chart.
John Graef January 03, 2013 12:57 pm
Glad to see you have rules in place to adjust to market conditions. Do you have an alternate count?
John, thank you because your question mentions my new 4 rules to be used in the Elliott waves theory. Of the 4 rules, I have shared one of them with the public through my blog, please see: http://perutradercharts.blogspot.com/2012/12/our-seventh-ew-rule-acuraccy.html. Actually, I'm naming the rule "accuracy" as my first new rule. Indeed, based on my second new rule is that the minute wave 4 (purple) is already in place and could not go down more and as you see, then had be a small lower price, which makes me say that the minute wave 5 is already in place, as a truncate wave. For now, I can not share the other 3 new rules yet. We need the board's consideration and approval, officially.