wave27 Jan 2013 12:31
count so far to the best of my ability on my favourite share ,,,,,,,,,,off the july low without any doubt in my mind there was a motive or impulse wave 1 up until october 24th with 9 waves inside it ,, which backs up the speed of its move up off the low ,,,,we then have a wave 2 correction for about a month which was a clear 3 wave abc move ,,,,from that low we are now in a wave 3 of which we are in a wave 4 of that 3 at present forming a triangle which is looking like a symmetrical at the moment ,,,,,,,,,,,in the bigger picture then we still have this 3rd wave to finish then a wave 4 and then a wave 5 ,,,and waves 3 and 5 could each or both have extensions ,,,... In a five wave impulse which this certainly looks to be you should count 89 smaller waves inside that whole sequence of which would mean we have about 50 smaller waves up and down to go before that first wave has a bigger correction ,,,,and of course anything can happen but that is how it looks at present anyone else please add comments ,,,,,cheers ,,,, merv