MID-DAY 25 Mar 2013

The price high was made this morning in an impulsive pattern and the minimum has been met but price wasn't able to sustain the upward momentum.  I feel the move up was a bit short in time, and it is suspect for a fake top.  so far we have 3 waves move down and I will look to see if we stay with 3 wave or produce a 5 wave down pattern.  This would clue us in as to a final top or a short term top that was produced this morning.

Here are 3 EW options and both are still within possibility..  This is why EW is hard to grasp sometimes.

Option 1:
Our Original Count of a 4th wave triangle and a 5th wave thrust.  Although short, have already met minimal requirements.  Therefore we are already in the 1st wave down process which would fit well with the Impulsive nature of this current down move. We will have to see if this down move is a 3 wave or a 5 wave pattern to see if its a correction or a start of a new trend.

Option 2:
4th wave ended on March 19 and wave 5 is in progress with and abc corrective pattern looking like an expanded flat to finish off the 2nd wave.  Impulsive patterns also fits within the counts suggested which makes C the most impulsive of these patterns. We would then move up to finish off the 3rd, 4th, and 5th wave of this final leg.

Option 3:
Same direction as Option 2 (Correction for a 4th).  This would be the Double Zig-Zag for an ABC for 4th wave.