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>From Sept 1st to today we have an ABCDE in the DJIA. I am looking at a
complete 4th Wave 8039 or very near. It is a very nice 50% retracement
of the previous fall from 8689 to 7400. We are again at the level of
the original ABC where I went impatiently short last week.
The 618% retracement is 8150. This would also match the trendline from
the A & C corrective waves. Today was at another good entry level. It
is still possible to do an ABC X ABC and still get another good entry
point near 8150.
Now, I know that there is some difficulty with an ABCDE count. Each
wave is to be made up of 3 subwaves. So the ABC X ABC may still come
about.
The point of total recount is +8313 on the DJIA.
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