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sp *PIC*
By:charleydan
Date: Friday, 20 June 2008, 10:46 pm

This -c- wave has been going beyond expectations. Looking for turn point around 1311.

The real sign is the trend line containing the fifth of the fith wave and the back bone trend line on the other side forming an triangle. Break out to the north would give us turn point.

One thing to point out on this chart is that sometimes wave patterns like the sideways fourth here an analyst gets lost on how to label or what to expect. Just remember the last wave is identifiable and is identifiable by a distinct -12345- pattern. As shown ending at the -(iv)- wave label.

charleydan
www.sillywaves.blogspot.com