The results of the poll where I asked "Does the Wave 4 of P1 work for you" is
1 - I don't know
2 - This is just a correction, we will go to 19000.
4 - Yes, we never got Wave 5 in March
7 - No we are in P2.
I like to watch the channels for an indication of when a wave finishes. Certainly a case can be made either way, but that is why I like the wave 4 of P1 theory.
By looking at different markets more insight may be gained.
Since most of us trade on short term movements, it is probably safer to continue to number the waves as if we are in P2. It will also help to keep continuity between other analyst since there are not many who chart the P1 theory. Kenny is the only one I know of.
I will of course show an Alt count once in a while.
Have you got a question you would like to see brought to a vote?
Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.