The scenario is still valid!

I'm not lying. I went to the library, checked out Elliott Wave Principle by Frost and Prechter and reread the book wondering why my scenario was wrong. In fact it was right all along. My count was off, I had previously thought we were @ "point C," remember? click here

When in fact...we are at "point E!" On page 48 of the book, it specifically says, "Wave E can undershoot or overshoot the A-C line, and in fact, our experience tells us that it happens more often than not."

We overshot our A-C line, $113.20, with that in mind, here is the REAL count


In case you're thinking I'm making excuses to be right, here is an illustration of the scenario from Elliott Wave International

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