$SPX, $COMPX, QQQQ, $SOX
Ever faithful to my word..as you well know, Freep(g)....I take pleasure in presenting new updated charts suggesting "the current market action bullish" as I indicated this afternoon...
What I am showing here is what strikes me as the simplest, most efficient, EW count describing the action of these indexes/ETF since the lows of approximately one year ago. Note that these counts are quite different from the various "ED counts" I was promoting here for some time...I continue, however, to consider the lows of April 2005 as initiating Waves V up, from the major lows of late 2002..(except, of course, for the $SOX, which has a completely different count up from the 2003 low )....
If you won't mind, I think it might be appropriate to label this new count as my "ORC"......my "Occam's Razor Count"...LOL
............entia non sunt multiplicanda praeter necessitatem.....
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