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Rams wave count

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Super Contributor
Rams, help me out plse. BTI (BATS), are we in wave 1 of a new up move? (daily and weekly. And where could we be in JDG and SHF? I just cannot see my way in these two.
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Super Contributor
Skala, BTI is probably in wave 1 but must first take out wave B extreme and then make a new high, that is it must take out the end of WAVE 5 before it can be called wave 1 because or this could be a complex correction. All 3 shares are following the same pattern in line with the overall market which is a simple ABC corrrection and all shares are in wave C including the ALSI(daily charts).Only exception is that JDG has not yet closed into(overlapped) wave A. Stoch oversold, so may get a pullback to add to or get into these shares. Weekly stochastics still bullish. If these shares closes below the WAVE C LOW, then maybe a new trend down. So support at WAVE C Low and resistance at 61.8% retracment at wave B extreme and then at END OF WAVE 5.In a nutshell, any pullback now is buyable so long as it reverses above WAVE C low. Hope this helps and hopefully CHRISTOS and the other wave counters can help...
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Hey Rams i only do elliot wave counts on the sp500 and the alsi.The reason i found is that any of the us markets confirms the most to the elliot wave principle and they are leading the other markets.At the moment i do not consider buying any share as i think we getting very close to a top in the markets.I therefore only trade the alsi short term. This is my view i can be wrong.
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Super Contributor
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