chessnut
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May 10, 2014, 04:51:31 AM



that is a primary wave, not very bearish. even in a bearish case, it must be followed by an impulsive C wave.

however, the third wave of that count is an abc. not valid. a better count is an inpulsive leading diagonal, it has all the characteristic features. it also implies that we have begun the first wave of III or C towards 470 at least.