oh yeah, just reread your post - the second wave up refers to the move from 2 to 3... it will be called the impulse wave - in the definitions I beleive, these are also considered to be fractals - so looking at the SIRI chart again... you'd put a big #1 where it says "5" for a larger scale move, and a big #2 where it says "C", then we'd place a big #3 if this new smaller wave finishes a 1,2,3,4,5 up - you'd place the new #3 at the new "5"
Going downward in fractals - you can see on that siri chart you can put an ABC down between the later 1 and 2 - but you don't always see these... but if you were trading at the 5 min level, they are likely there too.
again - hocus pocus, but a lot of folks take it pretty seriously. That's what gave me the faith on the SIRI move previoulsy.
