This is a bullish based count, but from what ive analysed, it surely has to be on its last legs now.
Most EWT'ers have us in a triple zigzag from the March lows and this does seem to be the most sensible count. The 61.8 retrace is based around the 5500 mark and this is the area ive marked at the end of Primary Wave 2.
From the start of November, we've started the last Z wave up, the last 5-3-5 up. We've had 5 up to the 16th November then 3 down to the 27th November. Now this is the last 5 up (famous last words, but surely this time it has to work lol!)We've already had 4 waves up, so we just need to count another 5 on a smaller scale.
On the 10min chart 1 of 5 of 5 is nearly complete. I expect the 5 waves to complete by the end of the week and that should be it, finito. Everyone has been banging on about having a christmas rally that it seems so obvious now that i expect exactly the opposite to happen, a xmas crash!
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