Velo and AA (and Shack and bobcor and BullRidH)..Question:
If we gap down 5% or so, is anyone willing to stick a label on that count (3 of 3?), or do situations like this blow-out previous counts, and one has to go to smaller frame w/other cooincident indicators....and catch up to the count later?
Although I plan to let things settle a bit, I don't think it'll be long in the first trading morning before we get a rally, and a very good one at that...everyone knows its coming, but its going to come anyway, IMO....Because that day is too important for the PPT for it not to finish strong, IMO.
Before the tragedy, we had made a pretty steep decline w/o much corrective up.....could we be looking at a sharp 4 here? Timing-wise, that would fit in nicely with a lot of stuff I follow which looks for an ultimate mid-term low in early October.
So I'm thinking gap down, hard up later in day/late morning, then down to new lows, and then some long-term corrective up...
Final question: If we breakdown technically on some very unusual event, that breakdown is still valid in all respects, right? |
