Wednesday, September 5, 2012

Look like 5 wave downmove complete from 5448.6 ....(4th down (A))


(1) 5448.8-5371 : 77.8

(2) 5371- 5399.15

(3) 5399.15- 5255.05 : 144.1 (181 % of (1)

(4) 5255.05- ended @ 5332(high made 5342.8)

(5) 5332.8- 5215.7 : 116.3 (Ending dig (sw1>sw3>sw5)....is valid only if NS not go below 5215.....

but this low ll be confirmed only if we break upper trendline..connecting 5448.6 to 5342.8 i.e. presently @ 5270 in hrly chart. and ya 2 imp fractle breakout point 5279 and 5297...

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