This is so funny! I gavee this post 5 stars. there is 3 ways of investing, The right ways, The wrong ways, and the Hope and pray (90% rating on this one)
My comments are for entertainment/educational purpose only. NOT a trade advice.
hdenandy-- Drawing the WW as you proposed would have made the point 5 overthrow really big! On the way back down, the points you asked about will probably come into play with line 1-6 possibly indicating support/resistance. Hope this helps.
Good, go as expected, now the next consolidation area is the resistance. Let's see.
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Fib 38.2 retracement. But anyway, big picture, I don't see lower low yet, so I'll assume the chart is not bearish. Granted, either bull or bear should be careful here, the market itself is clueless. Just remember, an important top is reversal of reversal of reversal. Let's see how many reversals we'll get this time.
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