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My data is showing similar low PTI's of 14 on
both.
Advanced GET uses the PTI to predict the
probability whether a Wave 5 will make a new low, double bottom or be a failed
5th (no 5th wave).
Below 34 normally means it will either double
bottom or be a failed 5th.
However the current count, showing a Wave 4 can be
misleading, namely the move down could be a Wave 1 or A, not a Wave 3, and the
recent rally up could be a wave 2 or B, not a wave 4.
Note on the attached charts for the SPX and NASDAQ
Comp that all of the wave 4 channels (short blue, red and green +++++
lines) on both charts have been violated, this will always put the PTI below
34!
Bottom line the jury is out as to whether this is a
simple ABC correction in the bull market or the start of something bigger (Wave
2, with a large Wave 3 to come)?
Don Ewers
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