Intermediate Price Pulse

Today's chart shows four levels of the price pulse. On the long term level we are in an alpha pulse up from the 2009 low. On the medium-long level we are in the delta pulse up after completing alpha and beta. The strong uptrend from the 2009 low is defined at the medium level by the beta-z trendline.
    And so, from the July 2010 low we are in both a medium-long delta pulse and a medium level alpha pulse. We can get an insight as to how close we are to completing that alpha pulse by looking at the intermediate level pulses which are shown in cyan. Once again a vigorous uptrend is shown since the current y pulse has exceeded the delta pulse high. In this situation the beta-x trendline should be monitored; and you can see that we are climbing that trendline now.
     A valid break of the intermediate beta-x trendline would be a warning that the medium level alpha pulse is over. What all of this means in a practical sense depends on your trading style. At the very least it would warn to look for a retracement towards the medium term beta-x trendline.
     The intermediate level price pulse analysis should be complemented with the weekly DeMark chart and I will show that tomorrow.