I'll be honest, Ski -- when I see W and X and Y on an ewave count, I start to zone out. It's not that your count might not be right. It could be. But I've found, personally, that when counts start branching out like that I cannot track them in real time. In HINDSIGHT those labels can sometimes be applied, but in the process of a super-complex correction, I simply forget about ewave and use other TA. This'd be one of those times in the big count like you've got. This is also why I didn't answer MC's SOX questions last night.
Truth is, in bigger timeframes, I dunno. I can easily make the SOX in a 4 (or starting a 5, but that'd make the 4 way shorter in time than the 2) of C down off the price high, but what that might be in the bigger scheme of things is unclear to me. And that's if that's even right!
I'm not in agreement with MC that we hit our price low in general yet, but I'm not shorting at will, either. Confused times call for sideline cash, imo. |
