my elliot wave count

updated upto the 6th of sep 2007

the 3rd major of the 5th primary wave is on.

counts:
primary cycle:
wave I: 920-2014.65
wave II: 2014.65-1292,20
wave II:1292.20-3774.15
wave IV:3774.15-2595.65
wave V:2595.65-???

inside primary wave V:
major cycle:
wave 1:2595.65-4245.30
wave 2:4245.30-3554.50
wave 3:3554.50-???

inside major cycle 3:
wave i:3554.50-4647.95
wave ii:4647.95-4002.20
wave iii:4002.20-???

do not remain short in the mkt as we are in the major 3rd (impulse) wave of primary 5th wave. The target for primary 5th wave i had calculated and posted on http://www.moneycontrol.com/ one year ago, the primary 5th wave should have terminated either at 4367 or near 5461. The target for major cycle 3 is coming to atleast 5200.

mkt had earlier reacted and come down after touching near 4367, just 4 points short.

the tgt for the upmove of the major wave 3-i, i have been posting on vfmdirect messageboard, which i had calculated at 4672. As u can see the 3-i wave actually terminated nearby at 4647.95 just 22 points short.

currently i think most probably we are near to complete V-5-3-iii-(i) and V-5-3-iii-(ii) will open down, confirmation awaited (see chart).

confirmation of wave iii (and also sub-wave iii-(iii)) is crossing the top of 4647.95.

Hence, any dips in wave 3 will be a buying opportunity.

major wave 3-ii termination point is also given in my nifty weekly chart at 4000 exactly on the supporting blue trendline.