Let's try to see what went wrong?
I have been working on W4 from 4720 upwards as:
A=4720-5169=449(as an Impulse)
B=5169-4759
a=5169-4911=258
b=4911-5168=257
c=5168-4759=409(158% of a)
C=4759-5034=275(61.2% of A)
And on this basis,worked towards end of W4 and beginning of W5 at 5034 but that has been invalidated today.
My friend Shriramoka says accepting C=61.2% (less than 61.8%) was a mistake.
May be he is correct
But I am retaining this Count and treating this ABC as W.
Thus:
W=4720-5169(=449) though it ended at 5026.
a=5026-4824=202
b=4824-4870=46(23%)
c=4870-4729=150(71.5% of a)
On hourly charts this a =5026-4824( C of W made a high of 5034 but ended at 5026 so a of X has been taken as starting from 5026).
Y=4729-5045-4963* in progress and so far:
A= 4729-5045=316
a=4729-4923=194
b=4923-4861=62
c=4861-5045=184
B= 5045-4965*=82
a=5045-4992=53
b=4992-5018=26
c=5018-4965=53
By this Count Y remains to play its C to the up (if B is considered over at 4965).And may very well take us past 5200.
Alternatively, a b c of Y.A may also be seen as end of Y as a whole and W5 might have already begun at 5045( Y=4729-5045=316 comes to be 70% of W(=4720-5169=449).
Thus W4 remains in play(or has it ended at 5045?) I am not in a position to say.
And with so many knocks on my head,I would not hazard a guess.
On charts this count may be viewed as:
http://img441.imageshack.us/img441/6086/nifty11102011.png
Raghu
Guruji: As I post this I am keeping a To Do note of the task myself as career takes first priority
ReplyDeleteThere is a note by grand daddy on differentiating between Impulse and Motive
IMHO - we are in a Flat Correction and hence we should be looking for motive than impulse [although it is tempting to consider impulse with a rise from 4720 to 5169]; the gaps are not helping either. More we will discuss over the weekend.
My dear SMO - request you to put some thought into this as well
Dear Nagi,
ReplyDeleteAm sure u take this FDBK in the right spirit. Its purely for sake of imparting right EW info
Q
There is a note by grand daddy on differentiating between Impulse and Motive
IMHO - we are in a Flat Correction and hence we should be looking for motive than impulse
UnQ
This is ur INCORRECT UNDERSTANDING OF EW
Pls note that MOTIVE is the SUPERSET
There r 2 types of motive waves
1. Impulse
2. Leading Diagonal
Motive is just a COMMON NAME , its opposite is CORRECTIVE (which again can be ZZ, or Flat, or Triangle or Doubles-Threes)
Coming to Raghuji's count,
only time will tell if this is WXY since we have a small lack of agreement on accepting the C as 61.2% of A :-)
I am counting this whole move as
A:4720-5169
B:a:5169-4911-5168-4759
B:b:4759-5034
B:c:5034-4729
C:
w1: 4729-4828 = 99 pts
w2: 4828-4741
w3: 4741-5045 = 304 pts (w3=307% x w1)
ssw1:4741-4794 = 53 pts
ssw2:4794-4744
ssw3:4744-4922 = 178 pts (311% x ssw1)
ssw4:4922-4861
ssw5:4861-5045 = 184 pts
w4: 5045-4974** in play as
A: 5045-4967 = 78 pts(5waves)
B: 4967-4974 ** (T1: 4997, T2: 5006, T3: 5027)
Then C to the down shall commence
And I luv u guruji 161.8% for ur A1 class teachings & large heart :-)
urs
SMO
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