SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?


To: AllansAlias who wrote (911)6/11/2008 6:39:13 PM
From: skinowski  Read Replies (1) | Respond to of 3209
 
What we see off the high of June 6 is down, pause, down

Yes - however, if that wave 3 (or C) started on May 29, then this "down pause down" becomes Waves 3, 4 and 5 of the decline. Maybe not the prettiest ever, but the count follows the rules and is fully passable. So, if that count is in play, we are close to having a meaningful bounce. Wave 4 high - and 62% retracement - would be June 10 top.