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Wednesday, September 3, 2014

NYSE Intraday

The wave structure should be putting in a wave iv in the subwave. What I would label as the a/b wave seems out of place,but there's a gap at the 50% level. Often that is a target area on pullbacks.The wave ii had an 38.2% pullback but so far the wave iv hasn't been very much. It could mark a flat but often wave iii's tops are 2-3 peaks then the Drop. The Price action will have to Drop Below August's low to start Mapping the wave (III) intermediate wave of the outlier cycle,but I believe that's getting ahead of ourselves.

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