Elloitt Wave for Dummies - no change in chart lables

This chart still has the same labels as last week, and last month. I have no idea why so many insist on making things more complicated than they are. I think it comes from a need to figure things out instead of just looking at the picture. I throw out this challenge - try to count the sell off in August in 5 waves. For some reason EWI and every other blog I read are still calling it a 5. They preach about not letting your emotions or prejudgements interfere with your wave analysis. If they are counting August as a 5 I don't think they read their own publications.