7 Oct 2014 (MULTIPLE PATTERN PROBABILITY)

The impulsiveness has occurred in both direction for the past 3 days which makes it hard to tell which direction its really going in.  The EW pattern seems to me, a b-wave pattern down with a likelihood of a c-wave up.  Since c-waves are impulsive as well, we should look for an impulsive move up tomorrow.  Of course the alternative bull pattern would have us ending here with a higher low with a 2nd wave and a 3rd wave impulse tomorrow.  Regardless, the market seems to be suggesting a move up tomorrow.  The low made last week is still the level to break for the bears.  Without this scenario, the bull market will definitely still alive and strong.

The 2nd, 3rd, 4th chart shows the possible pattern that could occur..  It's good to keep these patterns in mind and eliminate as we go along.

MT: DOWN
ST: UP
PA: DOWN

Corrective Scenario Extended..

Bearish Market Count:

Bullish Market Count: