Elliott wave counts as of 3rd July 2012

Presently chosing probability 1 out of the two

Probability 1 :

We completed c today at 5095 as running flat and are in 3rd wave of "big C or 3 " up .

wave 1 4770-5195= 425

wave 2 5195-5095= 100 { if this is the case then this wave 2 is running correction which tells that strength of wave 3 will be strong}

Possible target of this wave 3 is minimum 425 pts , then 1.62*wave1=688 pts.

And indeed this 3rd qualifies as strong upmove , as seen in the hour charts on 3rd July  2012

so upmove from 5095 can be seen as

i   5095-5160=65

ii  5160-5126=34( 52%)
iii 5126-5317=191( 2.93 of i) Extended 3rd
iv 5317-5266 =51

v th in progress and should do around 65 pts as when 3rd wave is extended usually w5=w1.

so vth ends around 5331 , Also wave 'i'  took closeto 5 hours so this wave v should be equal in that respect also and should take around 5 hours , so tomorow(4th July) we may see upmove to 5331 for most of the day .

this upmove will end wave 1 of wave (3) upwards

then wave 2 of (3) as  abc starts to correct this upmove from 5095 which probably will take us to bottom of the red channel in the above chart .

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26th June 2012

There are 2 probabilities that I see presently .

Probability 1 :

We completed c today at 5095 as running flat and are in 3rd wave of "big C or 3 " up .

wave 1  4770-5195= 425

wave 2  5195-5095= 100 { if this is the case then this wave 2 is running correction which tells that strength of wave 3 will be strong}

currently we are already in wave 3 running up *

If we go above 5195 , we can say we are in wave 3 .

Probability 2

recent down move from 5195 is seen as wave c of correction to impluse 4770-5195

which should end near 5050 and then wave 3 of BIG C starts .

P.S: Act on your own analysis this is my take .

Hour chart on 26th June 2012

From	To	Fall/ Rise	0.236%	0.38	0.50	0.618%	0.736%	0.80%
5195	5102	93	5,124	5,137	5,149	5,159	5,170	5,176

If we go above 5176 which is 80%  then we can say that wave 2 ended at 5095 and we have started the wave 3 .

So all in all , first indication of being in 3rd wave would be to go above 5180 and then 5195 .
As per my understanding .

The Big Picture :

If you are reading this then you should know I am learning EW still ,and can be wrong .

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20th June 2012


What I see when I look at the charts ;
Corrective from 6339-4531 over as a triple ZZ .
We are presently retracing the move from 6339-4531 as ABC starting from 4531...

Hour chart for recent moves from 4770 show