Obviously if this count is incorrect and the market intends to eventually go on and make new all-time highs, then this count will turn out to be grossly wrong. For if wave [a] is actually wave [i] of a new impulse and wave [b] is really wave [ii] and wave [c] is actually an unfolding wave [iii] instead, then wave [iii] is going a lot higher and I have shortchanged the count by a whole whole lot.
Thats all fine and dandy if it happens. However as it stands right now, this is the best squiggle count on short, medium and long term scale. I'm not an active day trader but based on this count, if the market pops a small bit up tomorrow completing wave v of (v) of [c] of 2 - and internals are looking weak - then its an excellent place to try to buy a short position in my opinion and even hold it over the weekend. At least to see if the count pans out. If not, well then that's why you set a stop loss that you can live with.
And long term channel lines. Thats a nice hit on the underside of the green channel. And hey, if the market can break back above that and hold, heck it deserves new all-time highs I'm not gonna cry about it! Thats the market and it ain't never wrong.
GDOW. Not yet back to 61.8% retrace.