Some of you are probably wondering why Wednesday I exited the Mid Term Position entered in the QQQQ last week.  We ended up exiting the position with a nice gain of $.67 after just a few trading sessions.... flipped the trade and scalped an intraday trade with a profit of $.30.  Not a bad day of 'realized' gains. ($.97 for the day)  There are some potential Alternate Elliott Wave Theory counts that have now possibly moved  in to the 'front'.  These alternate counts should not be ignored.  Remember that Elliott Wave Theory is an 'exact' theory or 'science' ONLY in retrospection.  We must always be keeping our eye on potential variations no matter what time frame we trade.   In tonight's update I show the alternate counts that could come in to the spot light and how we will approach our trading strategies over the next week or two.