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April 1, 2016
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peter, i have a slightly different count for the ending diagonal – it may have truncated. we shall see what tomorrow brings….
the 30 min chart is the large count from the 1810 lows of feb 11th. and then a blow up of my version of the ending diagonal.
December 29, 2013
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Even if it truncated (which is extremely rare), you still have the problem of 3 waves down. So it has to go to a new high.
April 1, 2016
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peter,
i like to give the market time – sometimes what looks like a 3 wave move, turns out to be a 5 wave move – and of course the opposite is true also – what looks to be 5 waves, turns out to be 3 waves……….
if this morning selling holds, it looks like the market will break down through the lower trend line. if so, the potential for a very quick move back to the origin of the ending diagonal at 1970 is possible – we shall see.
i think some kind of cycle turn may have occurred last friday….. ??? 
December 29, 2013
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A three wave move can rarely turn into five waves. This one can’t. In any event, we’ve morphed into a fourth wave this morning. We still need to finish that fifth wave.
Once the first wave of a sequence is in three waves, the entire sequence will forever be in three waves.
Let me be clear in that we’re talking about motive waves in 5 here. You can reference rule number 2 in the EW rules forum post.
http://worldcyclesinstitute.co…..ive-waves/
Motive waves (in 5) are always “fractally” motive. In other words, each subwave must be in five waves.
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