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Monday, February 28, 2011

Expanding diagonal here

Wrong again in the counts. Its not like I have to change the whole count but just the smaller fractals . We are doing that 5th wave to complete the larger 3rd wave and this really looks like that rare Expanding DIAGONAL. We had a very good rally today . Only to give up the gains in what was the BIGGEST hourly sell-off I have ever seen ; to give up nearly 150 points in the NIFTY .

I have a feeling i have got this correct . One thing I read about Expanding Diagonals is that the vth wave travel faster and cover greater distance. So it really looks like we are headed down in a big way . My favourite target 5135 . Its the 161.8% of 1/A. Lets see. Thanks. 

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