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Hi Lenny -
The reversal at the 10/26 high was a perfect high pivot
volatility reversal pattern. Given that the 10/30 low was lower
than the 10/19 low, I can see a good probability that the market
will move below the 10/30 low. So I guess I'm leaning towards
your alternate count.
Ned
rosow@xxxxxxx wrote:
>
> Ned,
> Here is a look at my daily S&P cash chart. Sorry for all the
> E-wave clutter. (ggg) If 1053.61 is broken to the downside then
> I would have to go to an alternate count which would move the
> most recent wave 5 to where wave b currently is and target a
> new 2:a:B low.
>
> Lenny
>
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