Sunday, 6 June 2010

Dow Analysis - EWT Count 2


This has been my primary count but i find it in serious doubt now. The current count would suggest we're in a wave 2 correction and the drop would be Wave B down, possibly even testing the lows as a Flat. But the strength of the drop has left doubts in my mind to as to whether this is a B wave. Also the break down looks like a bear flag broken which is likely to lead to steeper drops

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