Elliott Wave 5.0 "Reboot"

Wednesday, March 2, 2016

Mini DJIA Intraday Bull Market Or Bear Market Rally Review



One thing is certain and that is, there are too many differences in wave patterns between the actual month and the cash contracts. Either way I am going to eliminate or reduce my efforts at looking  at the cash contracts as I get too many wave differences that happen at critical turning points.
They only use 4 months out of the year so when March is finished then we jump to the June contracts. 

I will keep my impulse wave count going as well, but it must perform like an impulse should, as we are not finished by a long shot. With an impulse, we still should see several 1-2, 1-2 wave counts, which would get us close to the 1/2 mark. 

The fact that this DJIA did not go to a lower low on the 11th has always been an issue and can fit into a "C" wave bull market rather very well.

This "C" wave would be an ending diagonal "C" wave if it does not get up and perform. Wave counts are like movie actors as they have to act their part otherwise they're fired!  

This is a very bearish wave count, but with a bit of upside still in progress.