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Tuesday, August 25, 2009

Shanghai Composit - wave c of 2 is just beginning

(Click on the picture to enlarge)

The wave 2 correction from 2,761 is ongoing. As wave a was a five wave upmove, that suggest that the entire wave 2 should be a Zig-Zag containing a 5-3-5 wave move. That also means that wave b of 2 is in it final stages and wave c of 2 close to beginning. The ideal target for wave c of 2 is close to 3,100, from where the powerfuld wave 3 down should take over.

Let form and time show.

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