Please, Trade with Caution...

I think that this concludes Intermediate Wave 2.

I could be wrong, I hope I am, because if I am right, the carnage will be terrible. Please mitigate your risk, that is the only purpose as to why I have started posting.

Please, please, please be careful.

Trade safely. Comment: I should clarify a few things before I stir panic, there is the possibility, that this is still within the Wave 4 correction, and it has turned into an Expanded flat, there is a 3-3 count here. That would mean that the top is not in and there is one more high to print.

I had a series on count invalidations occur which meant I had errors in my count. I have since rectified them and this is the count that makes most logical sense given the behaviour of PA.

I will continue to monitor and post an update when I have confirmation. The true bear run confirmation is at 27108. Comment: Found another error, now we have a clearer picture…

Chart:

Comment: With each invalidation we double check the count… I think it was a complex correction, no wonder I couldn’t get it.

Chart:

Comment:

Comment: 30984 Comment: 31022 Comment: Real possibility the top is in… Please trade carefully…

READ

What Is Delta in Options Trading?

Chart:

Comment: I can confirm that the count presented above is incorrect, however, my overall sentiment remains bearish until we break 32950.

If the Super Cycle Wave 4 correction is not complete, I now place PA in Wave 5 of Wave C of Primary Wave 4, within Wave C of the correction.

If the Super Cycle Wave 5 correction is complete, I now place PA in Wave 3 of an extended Wave 3, which essentially will create the next bull run.

Personally, I am still holding a majority cash position, I will wait for confirmation before I put my dollars back in. Comment:

Comment: I think we are bullish, happy if we are, the main intent was to inform people this count existed to help mitigate risk.

I will recount and go from there.

I think all the EWT charts just got broken. Comment: My count was incorrect, since then I have recounted. Currently, I am unable to make a count bullish. The correction is not over, do not believe the hype.

Here is my updated count.

Char: