Looking at the bigger picture, my preferred count is, that a big [A]-[B]-[C] correction is unfolding since the 211.61 top in November 2007. Wave [A] finished at 134.98 in January 2009 and we are currently in wave [B]. Wave [B] seems to be taking form as a large triangle of which we have terminated leg A-B-C and is working on leg D lower towards 150.78-151.85 area. and we could even see an extension towards the 147.00-147.60 area before wave D is done and setting the stage for wave E up.Zooming in on the [B] wave triangle (see the chart below) we cane see a s1-s2/H/s2-s1 pattern bulding and the s2/H/s2 top has already been activated and the s1/H/s1 top will be activated upon a break below 159.12. Great Britain could soon feel the summer heat...
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