snowrider 发表于 2012-12-5 04:51 PM
That is possible - the grey line scenario in my wave count.
Thank you very much for your answer!
Are you refer to your 12-02-2012 wave count here -- http://hutong9.net/forum.php?mod=redirect&goto=findpost&ptid=176563&pid=1944990&fromuid=2718 The grey line looks not too simple as its not on the same level as leg A down from 147x to 1343, and leg B up from 1343 to 1424. Your grey line only have it hit 137x and no internal structure? IMHO, this leg C down will break 1343 low and should be at least made by 3 sub-legs: down / up /down.
austinjoe 发表于 2012-12-6 08:28 AM
Thank you very much for your answer!
Are you refer to your 12-02-2012 wave count here -- http: ...
I see what you are saying. If you count the leg from 147X to 1343 as a wave-A, then we are in wave-B, and probably the wave-C to fall below 1343 has started. I have changed the bearish view as my preferred count to a bullish view the past couple weeks.