Wave Talk - SP

http://hutong9.net/forum.php?mod=redirect&goto=findpost&ptid=155148&pid=1830854&fromuid=17450

From luckystar - Hi, Snowrider: I'm a newbee to EW. Actually, you are the one inspired me started learning this couple months ago. Thank you! This is also my first time posting on this site. Is it possible the recent correction is wave 4 and it consists as triangle+zigzag? If that is the case, maybe, we are in beginning of wave 5 already. Does this make any sense?

luckystar - It's so cool that more and more people join our wave riding (玩波).  Thanks for your kind words.  I believe that wave riding is one of the most interesting and enjoyable technical analysis approaches.  It's like playing chess with the market.  Before answering your question, we must know that ANYTHING IS POSSIBLE.  About your wave count, it looks very good!  It makes sense to me.  The only thing that might be in doubt is the size of wave-IV (in your second chart).  It might be the correction of the wave starting from last October instead of the one from last Thanksgiving Day.  So ... It could be:
1. Your first chart looks very good.
2. The second chart could be:
wave-I -> wave-a
wave-II -> wave-b
wave-III -> wave-A.c
wave-IV -> wave-B
Then as you predict, we are in wave-[D].C to challenge 1550 area.