Markets,as usual returned from the brink.
The downmove from 5629-5268 remains a 3 wave form
a=5629-5461
b=5461-5537(ended at 5521)
c=5521-5268
And I would treat this abc as 3 subwaves of A of W4.
B upwards is in play.
All it foretells is that we shall oscillate in 5629-5250 range for some more time as a 3 wave A foretells a Flat W4.
And this B seems to be playing out as:
.png)
So now long at dips for the B should be the policy.
Raghu
The downmove from 5629-5268 remains a 3 wave form
a=5629-5461
b=5461-5537(ended at 5521)
c=5521-5268
And I would treat this abc as 3 subwaves of A of W4.
B upwards is in play.
All it foretells is that we shall oscillate in 5629-5250 range for some more time as a 3 wave A foretells a Flat W4.
And this B seems to be playing out as:
.png)
So now long at dips for the B should be the policy.
Raghu
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