A good weekend update by Tony Caldaro's OEW group is posted here: http://caldaro.wordpress.com/2013/11/30/weekend-update-425/
My take on the OEW impulsive count on the Dow is below. Ignore the implications of a higher degree due to the labeling - it doesn't mean anything in my chart.
The modification I have made is to provide for alternation between waves 2 and 4. An Irregular Flat 4 indicates that the uptrend's momentum is strong, and that wave 5 will not be weak and truncated (already confirmed).
A similar count in the SPX has an Irregular Triangle instead of an Irregular Flat
The modification I have made is to provide for alternation between waves 2 and 4. An Irregular Flat 4 indicates that the uptrend's momentum is strong, and that wave 5 will not be weak and truncated (already confirmed).
A similar count in the SPX has an Irregular Triangle instead of an Irregular Flat
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