http://www.wavegeniu...spx-nasdaq-ndx/
Downside 5th wave extensions complete in DOW SPX NASDAQ NDX (bottom?)
Started by
gemx
, May 21 2012 07:55 PM
1 reply to this topic
#1
gemx
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#2
hawkeyefan
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Posted 22 May 2012 - 07:46 AM
Good analysis, but there are two other scenarios that carry some weight.
1. We are in wave iv from 1414 and this correction will be a zigzag. If so we are completing the "a" soon. Then "b" down and "c" up. Then down for v.
2. We are in wave 4 from 1421 and it will be a flat or triangle. If a flat we are now completing "a" of "a" soon. If a triangle then the same, "a" of "a".
I really don't think either of these counts can be dismised yet.
