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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: llap who wrote (6253)	8/20/2011 10:45:36 PM
From: Z-M-L	Respond to of 41117

As I responded to Fintas: <That should be the washout needed to complete this current decline. Then we need to watch how high the next advance gets.> I say this "current decline" because a further 4/5 subdivision is possible after next week's lower low. So another rally attempt in September followed by yet a lower low in October back to 1010 is highly probable. However my primary count is that these further subdivisions would be Waves 4 & 5 of C, which differs from your ABC since the May 2nd high.