Last blog(updated on webblog@www.sillywavesblog.com) I mentioned it was a -b- wave and I should have said -b- wave characteristics. And waves -a-b-2-4- may have them and most often not in -4-.

I labeled it an -a- wave. Check the chart as I thought that was the bottom and it created another add on pattern. Did not change the turn point, tho in last post.

Today it has already taken off in the -c- wave. It has done the -1-2-3- and needs to make a wave four here.

Target is still the 50-618 area or trendline. They all come in the same area. Then look south to 1231 for target. Will update on blog when closer.

Marked the gann formation on the chart that brought on a quick and deep pattern afterwards, which is typical of gann patterns.

charleydan