Friday, August 6, 2010

XAO still Trending Sideways

In the last medium term post discussing  Wave 2, there was potential for further sideways action. I believe that this is currently the case and a set of very strict conditions has been imposed on the unfolding wave '2'. Under a flat correction, the final wave (c) must be a 5 wave thrust to complete the large wave '2' correction .

As the chart below is already two days old, there has been sideways action for the unfolding small wave '4' of wave (c). Once complete, another small push upwards is needed for wave '2' completion. If this count is flawed, then we'll know very quickly.


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