what the... wednesday, page-63

drg

Hard to argue with McHugh, much, even his rally into next year etc.

On a pure pattern basis it does look like a triangle forming in alternation to the wave 2 of C formation.

The standard view is that it is now in d of 4 of c, which would suggest a final sharp fall, the width of the triangle, once wave e is done.

That could fit with a Oct 24 or 27 capitulation date.

The one caveat I would make is that more times than not, I have seen these triangles after a huge drop actually break up. Not kocher but my observation, so make provision.