Per the model of the backlink which is reproduced below...
...Chinese shares have now entered their C wave down. Cs are like 3s, they waste no time. A went very quickly so C should be just as aggressive. At some point I expect the fear to turn into contagion with US shares. Current snapshot is below.
My guru Tony Caldaro, also put in a "b" on his $SSEC chart:
ReplyDeletehttp://stockcharts.com/public/1269446/chartbook/71070208;
What's his larger count? I see his chart coming down from a D wave which seems like he thinks this is working on C of E which implies wedge or HT of some sort which I do not see.
ReplyDeleteGood question. I can post the question for you or you can post it by scrawling down to where you see “Comments”. There are a lot of avid traders on his blog who may or may not response as well to your question:
ReplyDeletePosted in Updates| Tagged elliott wave, investing, markets, OEW| 141 Comments
https://caldaro.wordpress.com/