The Bounce House – October 13, 2011 — 2 Comments

  1. Thanks for posting today's update! As always, I appreciate and enjoy your work.

    I have one question about your Elliott wave count. It looks like your wave iv peak is higher than your wave ii, which I would expect to happen only in an expanding diagonal. Are you expecting that pattern to occur? Otherwise I don't see how the count can work (although, EW count aside, I roughly share your expectations for price action over the next few months).