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Thursday, November 29, 2007
update on my ew analysis...
for internal structure wise of 4th(i.e A-B-C) together the time was about 20 days, but for V-4th flat corrective the time for completion is between 16-32 days and so far it has been correcting for 19 days.
as has been written earlier about this 4th wave, both A and B have completed and C is now going on, both A and B were zigzags internally containing 3 sub-waves a,b,c each.
about the C sub-waves:
as has been written earlier, the pattern for correction of C can be downward or sideways but the structure will most probably contain 5 sub-waves in a shape of ending diagonal(triangular) or impulsive, the 3rd sub-wave of C is now going on. if the C is an ED, then each next sub-waves 3,4,5 will be smaller and smaller than its earlier sub-wave but in case of impulsive structure 3 is likely to be the largest of the subwaves and hence if the C correction turns out to be impulsive then only a big fall nearing 5030 can be expected and not the given tgts. at the moment we are watching for earlier tgts and structure. the picture will get clearer going forward.
total magnitude/tgts have already been given in earlier updates on ew, though the actuals may vary.
as has been written earlier about this 4th wave, both A and B have completed and C is now going on, both A and B were zigzags internally containing 3 sub-waves a,b,c each.
about the C sub-waves:
as has been written earlier, the pattern for correction of C can be downward or sideways but the structure will most probably contain 5 sub-waves in a shape of ending diagonal(triangular) or impulsive, the 3rd sub-wave of C is now going on. if the C is an ED, then each next sub-waves 3,4,5 will be smaller and smaller than its earlier sub-wave but in case of impulsive structure 3 is likely to be the largest of the subwaves and hence if the C correction turns out to be impulsive then only a big fall nearing 5030 can be expected and not the given tgts. at the moment we are watching for earlier tgts and structure. the picture will get clearer going forward.
total magnitude/tgts have already been given in earlier updates on ew, though the actuals may vary.
disclaimer: no ew softwares have ever been used for this analysis, iam doing it only by manual calculations/estimation.
Tuesday, November 27, 2007
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