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发表于 2008-11-21 09:32 AM
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thank you, chuxue
This is my understanding for chuxue's chart and creekmm's warning. The internal structure for the sell off from Nov 4th confirms this is a impulsive wave, and I believe both chuxue and creekmm treat it as III-3.(5). The difference between them is what stage we are in this 3.(5). Creekmm thinks that it is still in 3.5.(iii), then we will see 6xx before Dec 5. Chuxue's counting is to say we are about to finish 3.5.(v), then we see III-4 back to 9xx. However, no matter which scenario, there will be a III-5 following. At this point, I would say all the frogs like me should just watch, if chuxue's scenario does happen, it might worth a try to short at the top of the rebound.
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