We did a flat abc n a X wave presumably...

Well as I had written earlier from the low of 4675.4 made in Feb 2010 we went to make a flat abc (within B) which was completed at 6338.5 on 5.11.2010.Thereafter we seem to have made a 3 wave X ending at 5690.35 ( this is presumed as of now from wave strucuture.. to be confirmed after the whole wave B is complete)n are now making a triangle 3-3-3-3-3...which confirms the law of alternation... in EW.Once the triangle formation is over... ideally we should then go in for the big crash which wud b a 5 wave C.

Lets see what happens...

A possible count for WAVE B

Mostly it seems to me that the B wave is a running correction... which has done abcxabc till date....with the last c still going on...after which it can be follwed by either another xabc or the BIG WAVE C... only time will tell.

The first abc is in the form of a zigzag.In which 'a' is from the low of 2539.45 made on 6.3.2009 to high of 4693.2 made on 12.6.2009.. followed by 'b' til the low of 3918.75 on 13.7.2009 which is 35.96% of a ( in a zigzag b can retrace as little as 1% of a)...followed by c which ends at 5310.85 which is equal to 64.64% of a( more than 61.8%)... satisfying the parameters of a zigzag.

After which the X wave ends at 4675.4 on 8.2.2010 which is less than 61.8% of the previous abc.

Thereafter the next abc is in the form of a flat.. which is fine as per the rule of alternation...of which a ends at 5399.65 on 7.4.2010...and b ends at 4786.45 on 25.5.2010...retracing 84.67% of a ( which is the normal b)... n the c wave is ongoing...

One will ahve to see if whenever c ends it satisfies all the parameters of a flat or not...else I will have to revise my count again.

The complete WAVE B made of abcxabc... has nearly retraced 81%( at 5577 it will be exactly that)of the WAVE A... in which case it might end up being a normal B wave...again only time will tell.

An attempt at counting the ongoing correction.

I am putting my count of the ongoing correction on this blog as a self study...so that whenever I want I can get all the info in one place.I may have made some mistakes.. or may be I havent...only time will tell.

The count for WAVE A which began in Jan'08 was made up of 3 waves.. (initially I thought they were 5 .. so I was expecting a zig zag, a big mistake.. becoz then wave 3 was becoming the shortest wave which is not allowed)... this is the revised count... which means that we are in a flat correction... which means that wave B wud mostly retrace 81-100% of wave A... we are nearly at 81 % levels already.