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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: MythMan who wrote (408876)8/3/2010 12:48:01 PM
From: Trumptown   of 436258
 
I didn't know PS was a little bald guy... -g-

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<<GLENO34 - I don't like it because it adds to the confusion that exist in the count right now. It would, however, be an ending diagonal not a leading diagonal. There are in reality three possibilities at present. They all work. They all look good.
Two are bearish and one is bullish. One of the 3 will take off from near here.
One of the bearish counts has us in the end of an ending diagonal (C) of wave [B]. This would mean we have wave [C] down of this correction to go yet and we are about to start it.
For weeks now I have pointed out that this time of confusion was coming at this point on the chart. the point is here and there is really no answer yet. Today we should get a reversal if the ending diagonal is over. Of course a reversal here would also fit two other scenarios. So there will not be much help. Hopefully we get some clues soon as to which scenario will play out.>>
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