We are still to complete wave 2 and then go to wave 3

We are currently in wave 2... As of now I do not expect the same to go below 4985.It is taking a little longer than expected and the count is not very clear...but correctives can be like that.

Once wave 2 or b is over ... we shall go into wave 3 or c ... I expect it to be wave 3 ...which would be a set of 5 waves...and mostly 1.618% or more of wave 1(which was from 4588 to 5630.)unless... wave 1 will be the largest wave of the set of 5 waves of which we are in wave 2.... in which event it cud be 61.8% of wave 1(which was from 4588 to 5630)

I am caught up in some personal work and may not be able to update the blog for next 15-20 days.

Take care.

Wave 2 or b does not seem to be over

If we go below 5320/5300... it will be confirmed that wave 2 or b is not yet over.... n mostly we will then go lower than 5171..becoz then the b wave of the current move(2 or b) will hv gone lower than the low of a at 5268(this implies more bearishness).....still I do not expect the downmove to go below 4985 as of now.

If we cross above the high made today at 5420/30.... then the downside will not take place.