A flaw uncovered in counting waves by reviewing both Quarterly and Monthly and then dropping down to daily to apply the technique (since waves are fractals the technique should be identical) ......
see chart for how I see the TOP aborning NOW with this change ....
so what will I do?
I will take the marginal overall Dow loss when Dow drops to around or below the 200-day m.a., this being close to or in the vicinity of the Dec 20 time period when I went wrong - in wave (iv) down as shown. Then I will go to the sidelines and time the (v) top and start all over with my SHORT.
The (iv) drop might or might not occur right away but it is in the cards even if we go higher than the very recent high a few days ago.
That is the plan, NOW.
Deadbroke was the first and only one on the planet to make it widely known that the United Kingdom would be the first major power to break the 200-day moving average.
Q.E.D.
Somebody ought to just throw in the towel and make the UK either a chinese state or a US state, hahahahaha.
Jesus deadbroke, you came back full of crap. Don't you realize that most of the people in this game made money when the market went up and now are making money on its way down.....?? What have you done instead, break even or worst?