22 May 2006
STI Long Term Waves Analysis (22 May 06)
Based on STI long term chart, it is possible that wave (3) have completed at 2666 since it consisted 5 up waves, very clear, very beautiful. Currently, it is possible that STI is doing wave (4), which may well be a symmetrical triangle correction formation in the form of ABCDE 5 waves, and wave A of wave (4) is still to complete, wave a of Wave A has just completed, then Wave b of Wave A will follow suit. Then wave c of Wave A will begin. Since wave a is very sharp, wave b will be small and long, wave c will be the same size as wave a or 1.618 times of wave a. My general feeling is that do not need to be too worrisome. This is not the end of the world. Many opportunities will appear during the whole correction process (wave (4)) though not big. Let's prepare to catch up with the up waves in wave (4), cheers!
Chart from
Based on STI long term chart, it is possible that wave (3) have completed at 2666 since it consisted 5 up waves, very clear, very beautiful. Currently, it is possible that STI is doing wave (4), which may well be a symmetrical triangle correction formation in the form of ABCDE 5 waves, and wave A of wave (4) is still to complete, wave a of Wave A has just completed, then Wave b of Wave A will follow suit. Then wave c of Wave A will begin. Since wave a is very sharp, wave b will be small and long, wave c will be the same size as wave a or 1.618 times of wave a. My general feeling is that do not need to be too worrisome. This is not the end of the world. Many opportunities will appear during the whole correction process (wave (4)) though not big. Let's prepare to catch up with the up waves in wave (4), cheers!
Chart from
http://thoughts-denzuko1.blogspot.com/
Labels: Elliot Wave Analysis
