at this stage with the leading diagonal senario (pointed out by many elliotticians) completely invalidated, I thought that i should give you my latest point of view for the larger picture
1. A Flat correction
This senario considers px from summer 2008 to summer 2010 a strong ABC zig - zag correction which often indicates that a flat or a triangle is on the way... We are now finishing a coplex WXY correction for the B leg of the flat and we should afterwards see a strong 5 wave decline towards parity for the C leg...
2. W - X - Y correction
This senario puts us in a more complex situation where we are now finishing the connective X wave of a W-X-Y correction... In this corrective mode W wave was a zig-zag , X is a complex correction and we should then see the Y wave which could be either a flat or a zig-zag or a triangle... this pattern could see us topping near 15200
1. A Flat correction
2. W - X - Y correction
This senario puts us in a more complex situation where we are now finishing the connective X wave of a W-X-Y correction... In this corrective mode W wave was a zig-zag , X is a complex correction and we should then see the Y wave which could be either a flat or a zig-zag or a triangle... this pattern could see us topping near 15200
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