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    Sunday, December 28, 2008

    update on my ew analysis...



    bounce may come near 2800 or on the trendline as shown by the ellipse on the chart.

    any pullback above 3110 or toward 3240 means sub wave 5 of C-4 going on and wave counting will have to be revised.

    at the moment it looks like 5 subwaves of C of C-4 are over at 3110 and C-5 down has begun.

    C-5 has tgts 2200/2000/1670.

    C-5 confirmation will be trading below trendline and below 2502.

    Posted by abhay r somkuwar at 7:29 PM

    2 comments:

    Ilango said...

    Hi..Abhay,

    Wish you and your family members a very Happy & prosperous New year.

    And keep up all your good works here and at VFM.

    Best regards.

    Ilango

    December 31, 2008 at 9:43 PM
    abhay r somkuwar said...

    many thanks ilango ji, i wish a very happy, healthy and prosperous new year to u and all at vfm. ur analysis and experience in stock mkt is very good.

    warm regards,
    abhay r somkuwar.

    January 1, 2009 at 2:53 PM

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