AMEX:APT   Alpha Pro Tech, Ltd.
After careful review, I've come to the realization that my initial count of an impulse may not be correct. The reason is because the supposed 4th wave is much too deep in tradition EW analysis. It retraced 61.8%. What is a possibility is that this is a massive corrective structure. THere a set of zigzags to start, and now we are in b of B that looks to be making a triangle. We are in the midst of the triangle and as long as we above 20, we can say the triangle is still in effect. I purposely did not draw the trendlines to hit their targets and left it loose because there is still possibility we are in wave C of the triangle. IF we get a deep correction but still above 19-20 area we could be confident we are in wave D.
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