What am I talking about? The Leading Diagonal. I wrote here last Thursday that the Leading Diagonal was dead:
A Third Look at "Always Another Option". And that count is definitely dead. I do
not buy a truncated Leading Diagonal for the SPX as well as severely shortened 5th waves for the COMPQ and INDU.
But
Col has a very nice theory that we could still be in a leading diagonal, see this post here:
http://ewtrendsandcharts.blogspot.com/2010/06/monday-updates_14.htmlHere is my count for this option. It is something that is definitely worth keeping on your radar screen
