Alternate TVIX count for Friday morning: Small C wave pullback and then breakout.

In case the DJIA doesn't gap down in the AM, here is my alternate count for TVIX.  I was assuming that red a below was actually the full a-b-c (and it might still turn out to be) but if you see TVIX around $3.18, don't panic.  I am running looser stops right now since I think the wind is actually at our back.  So I put my stops at just below the 61.8% fib.  If they can take that out then I will be surprised.  But a pull back to the 38.2 here would not be impossible. 

This is not my primary count because, while the move down into red a has 5 waves, they overlap all over the place and wave 4 of a motive wave should never overlap wave 1 (except in a triangle).   But I could see them try to shake out the weak hands here.  In any case, a break out of the orange down sloping line is a clear buy signal.