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Sam had been on the C of 4 up count** since the Dec lows. (**for really big picture see my LT gold keeper on lower right)
Within that C, we have 1 up, now in 2 down. With 3 up imminent.
But I wasn’t on board that last detail in his outlook.
However I was lacking a clearly outlined alternative count.
Classypete at Pretzel’s and Philip A from Spain helped me out this week.
I copied Sam with these counts along with my endorsement, based on my non EW views.
He posted this update tonight. I seldom hear from him directly — which is fine — so I don’t know if my suggestions played a role.
But now there’s four of us EW’rs on the same page.
This fits my longstanding view that we’ve got a ways to go before the meat of C of 4 gets going (the third wave).
And I still think its possible we’re in B down and C up may not have even started.
c of 2 down will tell us or not, if last Jan’s lows don’t hold.
So I regard this as “the bullish count”.
NB: Schematic for STRUCTURE only … future turn dates and pricing not to scale.
c of 2 will be in five waves. Some of you already knew that, of course.
Thank-you. Am keeping watch. Might be helpful to cross validate this with GDX.
Chart looks cut and dried.
But in real time, its not.
Those lowest wave subdivisions are very difficult to anticipate or recognize in progress.
Why couldn’t this be the end of (2) with v of C finishing off? Although not certain I believe that is mr g’s primary here.
It could, from a strictly EW standpoint. That’s been Sam’s count until tonight. In light of further evidence, he reconsidered.
Frankly, I believe other tools need to be brought in “to choose” which viable count is more probable
I’ve weighed in with my take, based on my tools. Which tell me the lows are still well ahead of us.
I’ve been singing that note since last summer.
I’m very well aware that’s not mr g’s primary.
What do your tools say?
Hello Senor Deleon..your deep wave analytics are excellent and appreciated here and on pretzels site……but not seen often enough. I am very interested in following your posts and your count wherever you post. Is there schedule for postings here or in a central place that shows both your LT and IT counts as well as the tradeable shorter waves on a predictable timetable? Thanks for your insights
Thanks for the complement, Sr SS. I trade a diverse array of leveraged etfs, rather than the /es futes, so much of what JH does at DWA doesn’t do much for me. I’m there more for BA, 1fe, pbeck for their IT charting, and humor from BS. And as attendance at his site has dwindled, I tend to spend only a few brief moments there now and then. I will certainly weigh in there if my work begins to point to a final top on spx. According to various wave counts in front of me, we have from 2 to 4 wave 4,5 unwinds to complete. And those don’t appear to hold all that much trading promise just yet for my swing trading techniques. So I’m in the PM space these days. My techniques do work with PMs, but the players in this sector always seem to find ways to engineer purple cow signals (legal speak for one offs) that defy confident trading even with solid EW guidance. As for posting regularly, I used to be a member of Richard Russell’s forum, and there are a bunch of us still roped together offline, so these LT friends see my day to day thinking. I do try to post my thinking somewhere at major inflection points, especially to counter posts that I see as misguided but popular. So I’m reactive that way. That’s the best that I can offer. Saludos.