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Jeff,
This wave count on the S&P continues to be incorrect. There are two
major flaws as I see it. Firstly, assuming for the minute your wave 2
is a wave 2, then there is still no pattern alternation with wave 4
(both being labelled as flats). Secondly, and I dont think anyone can
disagree here, your wave 'c of 4' is obviously 3 waves. Unless you
want to label wave 4 as a triangle this wave count invalidates one of
R N Elliott's few tennets.
Therefore, do not be surprised if the market fails to meet your
expectations very shortly.
Adrian Pitt
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** FOR SUPERIOR ELLIOTT WAVE ANALYSIS ON THE ALL ORDINARIES INDEX **
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/ 2 "Worry is not a sickness but a sign of health. If
you are not worried, you are not risking enough."
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