Sunday, March 6, 2011

When the counting gets tough

After a lot of searching i've found a possible count for the latest price action. It isn't pretty but it's valid. There's a truncated wave 5 of iii and an expanding triangle wave iv. One more troubling fact is that wave iii is smaller than wave i, which means wave v has to be shorter than wave iii, or else wave iii is the shortest and the count gets invalidated.

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