Update on previously posted count
May 7, 2009
Recent price action has confirmed my statements from Monday, however a more traditional ending diagonal has formed. The prediction from the previous count still stands, although with this slight alteration. Of course, as with any count, price action needs to continue to confirm it. One of the flaws with this count is that a running triangle would not be expected to precede a terminal pattern, but in real world counting few things align perfectly with preconceived notions.
Entry Filed under: Uncategorized. Tags: nasdaq-100, QQQQ, terminal patter, wave count.

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