re: to Hi MadmacsYou are clearly more expert than I in tech...

re: to Hi Madmacs

You are clearly more expert than I in tech stuff - i have just dabbled a bit for fun; I try to make my decisions on a fundamental basis.

Thanks for posting that chart. It has made me reassess myself. It also highlights the challenge with this sort of thing which is the perspective of the viewer. A classic case of beauty is in the eye of the beholder.

I was reading major points two back from yours ie point c in early August I was seeing as top of first major leg up - long and flattish. Taking it along I have your point 3 as 5 and then green x, 1, 2 as 3 step retreat. Then I had tight waves in the short term to 5 at your long term 5. From there 3 steps as mentioned in earlier post.

I guess I may not be clear on the longer term wave pattern. Your position does make sense however I find it difficult to leave the market depth/action and fundamentals out of it. Time will tell - probably just a matter of a week or two.