Thursday, March 27, 2008

Another crack at it..


...or just taking crack may be more like it when you see INDU! But I don't think any rules are broken yet on the count shown...Even if the count is "crack induced"...it sure looks like this wave is trying to end....and would have to end with a lower third peak...ie lower than the Feb peak for the count to hold water. If indu does dive to another low...then we can set some parallels...but first things first. SPX ....I have no idea of the bigger count...but this might fit for what ever we are doing in the short term.
On the banking front...I would love to see three drives to a bottom and a tag of the lower channel on the monthly.. And love to see XBD bottom with another low between 110/120ish.











































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