Sic transit gloria mundi
If one calls the upwardly contracting triangle from May to October a Wave 4 correction, then the decline from August 2nd to August 28th would be the smallest (barely) of the five legs. Isn't that not supposed to be the case?
That part of the tape is a 5-wave C of 3, Bryan.Serious technical damage from today's rout and Yen breakout put into question any idea of new highs. Whose turn is it to announce a new liquidity facility? Eurobonds?
still, doesn't the 3rd of those 5 legs take place from August 2nd to August 28th? If that is the 3rd leg, it can't be the smallest, right?
soooo does today officially take your 1870 call off the table CG? i'd hate to dump half now but will and buyem' back 100 or so points lower. thx
Never mind i gotcha.. perfect c wave within 3. The shortest leg is not the 3rd leg in your drawing, my bad
1666then 2250 in a matter of months
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