OPTION A B OR SEE

[spike1]

Hi
First of all I would just like to say what a fantastic discovery Tom, I mean really. You should give yourself more credit because Elliott did have the opportunity and the means to see this on a larger scale but he didnt, so my utmost respect to you. Secondly I hate you man because this discovery of yours has driven me quite insane counting it on minute charts LOL. Anyway I seem to be a little stuck here with something and hope you dont mind if I post some of my insanity on your forum here so that perhaps the picture could be made a little clearer for me at least.

CLF (Cliffs natural resources) Weekly timeframe

Option A 1 2 3 4 5 A B C and that completed cycle should be 1 2 on a larger timeframe and we into the beggining of a third wave, how nice would that be???

Option B 1 2 then on a smaller scale 1234 and 5 which has not completed yet would make up a completed larger scale 3. Dont really know what to feel about that scenario.

Option C 1 2 3 A RTB C4 which would mean there is a fifth wave to still come which is good in one sence but in another it means that move to the upside is a large scale C since the RTB will only appear in 5th or C waves. Which means the October 2008 move to the downside was 1 and the end of this C is going to be 2 and then....... well I would really like other opinions with regards to this. Looking forward to hearing from you guys. Attatched the charts on this post I hope they come out ok.
   
   
   

[ruby]

You want us to vote? - I take option 3, because it looks just like the Dow, but then again ... it also looks done as in option 1 - and like the Dow in 1930 :-)
As to going insane trying to count minute charts: You are not alone. What the hey was that action in the Dow today? It didn't go down when I could have sworn it had no other choice!

[TS Hennessy]

I think that there is no reason not to fit this to the Dow even though
there is not sufficient data present. Without the data it is just an
assumption but seems to be the logical one.

Here is my option:

   

[spike1]

Ok thank you guys. Im going to have a better look at that Dow and what Tom posted here. Makes sence at first glance. There is something though thats throwing me off a little of Tom, something I dont seem to quite understand yet, Ill do my best to explain it. This phenomenon only exists in 5th waves and C waves. So If you have a look at the chart below I have this count for the Dow as it stands now on a daily time frame. 1 2 3 4 and then into the 5th wave so 1 2 3 RTB C4 5 then A B C and RUBY if this is correct then the internal count for that C would be quite excitng to get right. Im giving it a crack and it looks like there is still some upward motion to come but Im struggeling ( yip going a little insane)with it so lets see. So Tom where Im stuck a little here is the RTB on that Dow weekly chart at the March 2009 low. My question is and please have a little patients with me on this ok. Why would the RTB be there if its not a fifth or C wave that is being completed. And do you share the same count as I do in the chart below ???. Looking forward to hearing from you guys and RUBY lets give that C a crack (if it is one, I think it is) what do you say.

   

[ruby]

How comforting to see my own insanity even topped :-)))
O.k., we assume that the all-time high in the Dow was the top of an rtb, so the decline from there was - and still is - a C wave. After completing its 3rd wave in autumn 2008, it completed a and b of an rtb 4. So the March '09 bottom was the bottom of that b wave. The rally from there is c. It may have completed in April, but there's strong evidence that it is now only in the c wave of its own rtb 4th wave. That would mean new highs to come or at least going back to the April top. But: We could first revisit 6470 without breaking a rule. If we are lucky, the 3rd of that c wave will be shorter than the 1st - that would restrict the downside potential to a tradable level and also give you a 100% sure long target for the terminal 5 back up.
With or without the new rule, 3 shorter than 1 is the only trade you can have your dog watch.

As to your count: An rtb is ALWAYS part of a 4th wave. Either of a C or a 5th wave. So, since your 5, whether it's terminal or completing a 1 of one larger degree, cannot be followed by a 4th wave, the ABC appendix doesn't belong there. Then, the probability that your 5 is in the right place, is very low, since it would be a failure 5 on the S&P. Failure 5ths are not allowed.
I'm not sure if C is done. We may be in c of its 4th wave, with the flash crash being 3, then A up, a-(a.-b.-c.)-c for B and now C. Je ne sais pas. That's what drives ME insane - getting lost in those fractals and degrees within degrees, never certain, whether a wave is done. Starting to feel like
... oh, I just decided to create an avatar :-)

[spike1]

OK so that clears up the RTB there with regards to Toms count, thanks for that. Oh and glad my topping insanity could be of some comfort to you RUBY (yeah rub it in). So it comes down to counting that c4 daily timeframe we currently in right........ok well Im going to give it another shot and Ill post here as soon as Im done. (anyone else want to take a shot at it??? ) Guess thats the only way one can make any headway with this, I would really like to see how you guys are doing it. Anyway Ill post it up here as soon as Im done. Ahh I see you got yourself an avitar there....feeling a little left out hey.....dont worry I feel the same way when I see my three little stars and Tom sitting there with 10. So I thought, might as well get a cool avitar to compensate lol

[ruby]

Hey spike, let's move over to that "latest Dow count" thread with this. I already posted a chart there. My avatar is Russell Crowe in "A Beautiful Mind" - actually a poor description of my state of mind when counting minute charts: It's rather Ronald Reagan not knowing Nancy from a shoestring.

[spike1]

Ok see you there.

[finster869]

(07-16-2010 07:13 AM)spike1 Wrote:  Ok thank you guys. Im going to have a better look at that Dow and what Tom posted here. Makes sence at first glance. There is something though thats throwing me off a little of Tom, something I dont seem to quite understand yet, Ill do my best to explain it. This phenomenon only exists in 5th waves and C waves. So If you have a look at the chart below I have this count for the Dow as it stands now on a daily time frame. 1 2 3 4 and then into the 5th wave so 1 2 3 RTB C4 5 then A B C and RUBY if this is correct then the internal count for that C would be quite excitng to get right. Im giving it a crack and it looks like there is still some upward motion to come but Im struggeling ( yip going a little insane)with it so lets see. So Tom where Im stuck a little here is the RTB on that Dow weekly chart at the March 2009 low. My question is and please have a little patients with me on this ok. Why would the RTB be there if its not a fifth or C wave that is being completed. And do you share the same count as I do in the chart below ???. Looking forward to hearing from you guys and RUBY lets give that C a crack (if it is one, I think it is) what do you say.

The A, B, C following the 5 wave down can't work on this chart. The B could not be an RTB, since it isn't in the 5th or C wave position.

[finster869]

(07-15-2010 05:27 PM)TS Hennessy Wrote:  I think that there is no reason not to fit this to the Dow even though
there is not sufficient data present. Without the data it is just an
assumption but seems to be the logical one.

Here is my option:

Tom- Why don't you have January marked (b), February marked (4) and April marked 5 and the end of [4]?