GKP

Yes, the correction from the top does look very familiar. Only thing is, the count on that S&P chart suffers the same problem - it's got a C wave with and abc sub-structure and it's not a wave W, Y or Z.

But you're right - at least we're looking at similar options; it's just a few details we don't agree on and they're not really significant.

Thanks.

J - good discussion.... we have two alts... but this structure still looks good to me ...

also check this out looks familiar ?

www.marketoracle.co.uk/Article28766.html










lets see how this develops - either way - we both more or less agree how this is likley to play out in some way shape or form...

be free from 14:00 onwards on chat - if want to discuss J

WS, can we re-visit your idea of an irregular flat wave 2 as the post 202.75p move please? Here's your chart: chartsview.co.uk/media/kunena/attachment...weekly_irreg_Alt.JPG

I can get the count up to 450p but after that it ought to be a major wave C, right? In which case it ought to have 5 subwaves as an impuse but that's not how you've counted it and nor can I get 450p onwards to fit this pattern. I think it has to be something different.

I'm still working on it. I love puzzles!

Ha ha! Nice one WS!

I'm pretty sure those same guys have got their eyes on triggering a margin call for IG's clients who are 99% long, many from much higher levels than this too!

Bottom's may not be just wiped but spanked lol!

let's get confirmation 1st... plenty of pips to be had if we think what is coming next after this move down is completed.....

patience & confirmation the key to this.

no guarantee but could go this way....

Mr Market (seller) say's to to another Mr Market (buyer) vis a vis - let's create a double bottom to suck some punters in & they'll be saying bottoms in, bottoms in !! ...let's pump it up then pull the rug out of em & see who's bottom has really been wiped