My earlier post edited for further extensions.
My last post,
stated a condition "This count rests on the condition that the last
high that we put in on
Sept 22 at 27,254 stays intact, so this short term condition controls
the longer term outlook." The market has spoken and we did break 27,254
with 5 small waves up and new high now at 28,822 on November 28th. We have again extended with another 5 waves up in an expanding triangle that ended on 29786 on Jan 28th. This
now in hindsight can be counted as the final 5th wave of the impulse i
thought had ended on September 22nd and again on November 28th. Any new 5 wave moves above the
28822 29786 high will invalidate the count. The new count is below.
The current juncture also coincides with the trend channel from the 2008 low.
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