Good morning!
So, my previous post is a lesson in its own claim. After letting the market develop for only a day or so it seems clear that the intermediate count places that top of the (a) wave, in correlation with what would seem to be its proper time for development, peaked at $11,513 on 8/17. The (b) wave of intermediate degree thus came down and ended its movement on 8/22 and what has ensued so far looks like a 5 wave structure, which should retrace 61.8% of the the the recent (3) wave. This count would be invalidated if the DJIA drops lower than $11,300, which I believe would constitute the lowest point of "iv" within this 5 wave structure. Though this has changed, I am still holding to the remainder of my prediction from the 28th.
-W
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