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Here's an updated version of the lin scale Andrews p-fork chart I posted a week or so back (if memory serves, the day before NDX touched the top green line). For a while now, I have felt that Andrews was really a version of planetary lines. Comparing teh green lines here to Rory's chart -- wow!!!
After completing a 3 channel rally, it certainly could go to new lows from here (and down to the solid green line)but my Elliott sense tells me that the midpoint of the 2 lowest blue lines will probably contain it - roughly a 50% retrace.
I ramble... the point is to compare Andrews to planets -- they're the same!
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