Great momentum downwards and the one pattern that immediately comes to mind is:
However,it envisages something which is very rare: w3 & w5 both being extended--- something near impossible as w3 was already extended by 350%.
So lets acknowledge the momentum and wait for a better pattern to emerge.
Raghu
Is it not possible that W4 should be in flat and so that it start climbing up above 4639 rather going down. Still I didn't read the EW book... don't know the exact possibilities.
ReplyDeleteSir,
ReplyDeleteWe all missed your EOD for 13.12.2011 may be due to your Lap-top problem.
One humble request from my side.
On 28.10.2011 in your EOD message you said:
My sincere advice would be to go a degree higher and start counting from highs of January 2008.That only shall be able to give us meaningful answer.
My attempts at EW would also be out after sometime.
And on 01.11.2011 message you said :
At present all I can say is that the down move from 6339(November 2010) is NOT a 3 wave form.
And the probability of the down move 6339-4720 being a diagonal is quite high.
If possible could you please give us your accepted counts to present.
Thanking You