$SPY VS $EEM
Now introduce the bond fund with a very mild marked 5th wave or alternate counts in brackets, that shows that there is a possibility of a 5th wave that is yet to come.
1. The Bond fund to have a 5th wave down, as determined by the alternate count.
2. $EEM to have an extended 5th wave of which we have completed a 1st wave down on the 4th and a 2nd wave up today or on friday.
3. $SPY chop counted with a FLAT-W-X-FLAT, followed by a 5th wave of which we have completed a 1st wave down on the 4th and a 2nd wave up today as shown in the chart below. In this count all a=c with the exception of the a-b-c in the X-Y where c= a*76.4%
This would all go well with Robert Prechters "All the same Market " thesis, for an actual 5th wave lower, which i think could start today.
Any one of the below would invalidate the count.
1. $EEM gets above 38.24
2. $SPY gets above 119.56
Nice!! 119.56 busted one second before the close.
ReplyDelete38.12 on EEM too close to 38.24 for comfort.
so thats how this worked out!