Monday, 8 November 2010

DeMark D-Wave Analysis (Part 2)

Here is the wave count when the monthly and weekly time frames are taken into account. Instead of where the quarterly and yearly charts want to end Primary wave three (see previous post), Primary wave three of Cycle wave three ends at the 2000 high and is followed by a large expanded flat pattern.

At the 2009 low the question becomes: "Is the corrective move from 2000 over, or will the pattern extend or become an expanding triangle?"

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