or We still in the iii.... These patterns have a habit of wasting time.... Remember the INDU's pattern from Dec 06 to March Feb 07... But I do tend to count more on the slow side :eek: That Dow pattern...
If its gets above that 1006 area then we'll have to change the count... But for now its still riding the rail of an ED..
Mup, can you post a Daily OIH chart for us with your analysis? Time to revisit this Beast! It looks to be getting a bit weak right here.
SPY just held the 50% intra-day retracement around 100.20 and "bounced" back up .618% - - - as crude closed down 0.65 cents.
Mup, Take a look at BTU from the early July low at 27.19 Looks like 5-waves up with an A-B-C Wave 4 that ended on July 29th at 32.00, eh? Stock took out yesterday's high and is flirting with the lows of the session today.