earlier i had assumed wave 4 of V as a flat corrective and everything going as per my prediction so far hence haven't changed the wave counts.
currently the larger C of 4th downwave is proceeding. wave A and wave B both were zigzags and C could be an impulsive structure or an ending diagonal and as such would be diffult to trade and picture will be clearer as it progresses hence general trend is to be followed. the C could terminate closer to previous low of A.
i estimate the time for completion of this correction in coming 3-8 days.
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Wednesday, November 21, 2007
latest update on my ew analysis...
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