Friday, April 9, 2010

Can't wait to see!

I've been waiting to get the bigger picture before I come out with another wave count. Have blue 1 as a leading diagonal. The blue 2 looks to be a 3-3-5 flat. It goes irregular in the S&P. But enough talk, look at the picture.

This is a work in progress and is subject to change.

I also made an alternate count, which doesn't look that bad, but doesn't have much room for 2 wave to run. You'll be able to tell if this is the case soon. If we make new highs, then this count is invalidated. The more I look at the alternate, the more I like it. The main reason I like the alternate is that the wave inside blue C on the 31st looks more like a 3 than an impulse. This wave can be impulsive if you put the top around 10:30 on the 31st.

Alright, one last alternate.

Really not sure which one takes the cake... it's sort of a wait and see situation.