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    • Flynchenberg replied Nov 2, 2011

      Update — Hi guys, What do I expect is one more wave down to complete this count. This wave will develop after we finish wave 4 that we are now. Wave 4 that we are now should be time consuming, not space consuming due to previous wave 2 being ...

      Spider's Den
    • Flynchenberg replied Nov 2, 2011

      Hi Markus, Hope You feel better today. I just woke up, coffe time. Thx for elaboration, I did not read Nelly as much as Elliott & Prechter but I'm quite aware about his neo-weve idea. Looking at things we might see wave 4 to be complex and full of ...

      Spider's Den
    • Flynchenberg replied Nov 1, 2011

      Update: If 1.3700 is the 23%FibRet and the top of wave 4 then in case of extended wave 5 to the downside those are projected Fib Clusters for this wave: 1.3572-1.3578 or 1.3540-1.3550 We will see, Seb EDIT: Forget it.

      Spider's Den
    • Flynchenberg replied Nov 1, 2011

      Yes, can see that, but I do not have any wave count of this, only pitchforks. Nice call btw, You said 1720 is top, then it went there, then to 1750 on EZ euphoria and now is dropping so I reckon 1750 is top of wave 4 and now it is in wave 5 down. Seb ...

      Spider's Den
    • Flynchenberg replied Nov 1, 2011

      This is what I'm asking, my count does not makes sense now. Current 1-2, 1-2, 1-2 count is extremly bearish, ABC does not makes sense at all. I just do not know how to count the first two waves... Will go back to it after lunch with new count, need ...

      Spider's Den
    • Flynchenberg replied Nov 1, 2011

      How about that guys... 23% Ret is @ 1.3757 but I guess we might go as high as 1.3800 - 1.3810 to reload shorts.This level was a support ( now broken) and 38.2%Ret level of latest extended wave 5. Hope it helps, Seb Seb

      Spider's Den
    • Flynchenberg replied Nov 1, 2011

      Morning Makrus, Morning Spiders, Morning all, I will count the waves and try to suggest something but with current situation it might not be easy. Maby supply/demand levels will help. Will see, Seb

      Spider's Den