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To: skinowski who wrote (7015)6/6/2008 5:26:06 PM
From: Galirayo  Respond to of 41474
 
I'm leaning to the 2 wave on yesterdays high.

And now it's the Thrust .. A Genuine 3 Down to the Right and Bear Look Even. Look at that Black Crow #1. .. It's Sinister as it cuts thru the 50dma..

Fugly even.

stockcharts.com

Message 24648823

BTW: I'm not moving my count around any more. I'm just happy I didn't move the positions I placed the other day OrIda I'da ate the Big French Fry. lol



To: skinowski who wrote (7015)6/7/2008 7:38:13 AM
From: hawkeyefan  Read Replies (1) | Respond to of 41474
 
Since I missed the down on SPX and INDU, I looked at the NDX and RUT this morning.

They have different counts. Don't they need to take out the June 3 low or they are have a good chance of being in a bull count yet?

From the up that started on May 23, that could be a 1 of something and the June 3 low would be a 2 of something. The June 3 low could be a b and Thursday's high was a c. But until
NDX takes out 1977-1978 and the RUT takes out 732 or so, one just isn't sure. I guess I will wait and see what happens.

I can come up with a bullish count for SPX and INDU, but I have to really work at it, so the odds are slim it is valid.