- indicate further wave '2' action, or
- indicate that wave 'B' circle is yet to finish and will break higher again. If the index continues higher from here, then the correction that started in mid-april may be considered a triangle - indicating an upcoming change in trend in the medium term.
Sunday, September 5, 2010
XAO must stay under 4620
The All Ordinaries index must stay below 4620 for the current wave count to be valid. A break above this level will either: