Within less than 2 days sentiment has already changed from bearish to bullish. Wow, is all I can say. Since the SPX, DOW, WLSH (which came mighty close), COMPQ, NDX didn’t trade/close below the August low, while the NYSE did go below (very much so indeed), we need to always consider different possibilities and alternate counts for these different indices. Albeit the fact that price has broken below long term trendlines established since either November or December 2012, in the end that doesn’t matter if price does keep going up, since price is final arbiter, not trendlines, not technical indicators etc. So here’s the possible alternate count for the NYSE; presented in the yellow, red, and green waves (major, intermediate, minor, respectively) all labeled with a “?”. The other labeling is still the preferred labeling. This “?” count would fit with the possibility of the other indices extending if they decide to do so. That’s the only hope left for the bulls IMHO.