my counting of wave is just that counting, the rule of wave three can non be the shortest is the biggest piece of horse making the rounds, Elliot never mentioned that rule, its been put in place by others. wave three can be the shortest if the wave is a corrective wave and not impulsive. The nonsense about elliot wave is really something that annoys me as so many traders lose money at it, catagorically the markets do not move in series of 5 and three waves. It reallly suprises me that people can see that and still the belief in elliot wave theory persists. The market may move in fractals, but they are only symptoms of external forces, not the cause of the markets collapse. I have a blog www.haranfx.co.uk have a look I go into market fractals on it.