4 replies to this topic

[eminimee]

http://stockcharts.com/c-sc/sc?s=$UTIL&p=D&yr=1&mn=6&dy=0&i=p20523916332&a=88068608&r=1508.png

[gannman]

hi T same thing with the utils my take is the move into aug 16 low was 5 waves for a wave 1 and we jsut finished a wave 2 retrace and are now headed down in a wave 3 fwiw regards gann ps thanks for your charts they help a LOT gann

[eminimee]

hi T

same thing with the utils
my take is the move into aug 16 low was 5 waves for a wave 1
and we jsut finished a wave 2 retrace and are now headed down in a wave 3
fwiw

regards
gann

ps
thanks for your charts they help a LOT

gann

Five waves down into the aug low?...could you show me your count on a daily please....

What you might want to look at for clues on the overall count from the May top...is there was 5 waves down into the June low....but overlap of 1 with 4 so can't count it that way...has to be corrective...therefore this whole move ...where ever we bottom ...is corrective. That first move down has to be ABC.

[gannman]

thats what i initailly thought myself. however if u look there is a tiny wave 1 in the utils . that overlap with wave 4 was getting me also but the wave 1 is there its tiny and the wave 4 did not overlap as i see it regards gann

[hadman]

It might be working on the RS of the H&S