TVIX breakout - alternate count

While TVIX is up about 18% today, instead of getting giddy we need to be thinking about what could go wrong.  The following is not my primary count at this point.  It is an alternate count but one that should be respected as being possible.  I think it is wrong because it does not look like 5 waves into red "a" below but the counts can be tricky like that, especially at the big turns.  Be on the warning track if this retraces more than 50% or if such retracements are more than 3 waves long.  We could STILL see that $2.00 low before this is over folks.  This is NOT the time to be giddy an to become complacent.  Not yet.  We are still sitting at an active gambling table.  There'll be time enough for counting when the dealing is done.