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To: skinowski who wrote (131563)4/2/2006 3:02:08 PM
From: venividivici  Respond to of 209892
 
One short-term thing that count has going for it is that it would mean the 41.79 low would probably hold and that was the 38.2% retrace of the move from 40.99 to 42.30, making it an 'ideal' fourth wave. I'm torn between that scenario and a flat or zigzag taking us to the 41.65 area before a fifth up. Then, of course, there's the count that has the QQQQ finishing a B at this week's high and already heading into a C down from January, which I sort of favor b/c of the analysis I wrote up on the wiggle thread comparing October's impulse up with the hypothetical March impulse up.

As usual, a plethora of possibilities!