![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKOXvIVJ0x7GcCr9pgNL0RxeFxifwPdYqPAfEviI2XmiaNlodzw63L0LxjRxZ2mIlX3xgTNkCmIprAV16gknHoQGhACRA58dVRRZi9-qn2Bz0sP5ShWjYLshQFT3hp-zT0KfToheUgP4_0/s400/Wave+5.jpg)
At the close of last Friday's trading, most of the Asian Bourses and Dow were still having their respective index being kept within a normal wave 5 formation as shown above. The length of wave 5 has not exceeded that of wave 3 yet. If the ultimate wave form shall remain as only 5 waves with a long wave 1 and short wave 3 and 5, and if there is no extension of the 5 waves to 9 waves, next week may witness the end of the current uptrend since March 2009.
In my June 2 posting, by assuming the length of wave 5 equals to that of wave 3, I have projected some figures as the likely terminal points for some of the indices, and as can be seen from the charts below, a normal wave 5 can be completed by next week to mark the end of the major wave (I) for Dow, to be followed by a major wave (II) consolidation unless Dow and the rest refuse to stop at my projected figures and proceed to develop a magnitude larger than wave 3 to acquire a different wave form as mentioned in my June 4 posting "the right count". Under that scenario, the current uptrend will likely to continue for another 2 months or more.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCPa_frYNCZXbA0FO1GRcuO0-BRgItx_RH1tUp0DGFyypEwRv_N-tU9gyjekYBT7HZKzpdxi4R6kvF6NVHC6OqgBsGjsZOV9Ra2lpin9fGcc7d8jlVBoretIfoTbJsuHqHTOHyDN5pKMXv/s400/3M060509+lin.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiSprHbKpYI7L7a2-W9UfN-owM6SjUjyrrX1EHXrceMfh6caQh8o21lTpYHaXFlqPrvuLtxK7WrrmsKJWzrdfdyoUxQwMl7UDY96D43P9UaiJYRjTzHNEcr_eUA0Lvfr0Ww2vySJJdXA2KA/s400/3MNikkei+060509.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbpH4brDZkw05P2Yowdgl0IP_hOqS2Qzr4WoLwIzSKl9MiJXhd4NdWdpQn5XoSMMeoU75satrfOAd5TKxSEv0LMvO0b5OueOgfijWlhS_KzQohlcZ6utenQMS7Awxz8brDdSXCjtnrWreW/s400/3MHS060509.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3bLc9DXEMuj4qVixGZ0pJF1vd2jz-CYXaRPbR3PgXDKwg6aFQMYrxRtIBNbWTxOz-Dnp_AcZ55S8fSj8rBbQKNBGNNvBgQk0UV5hDCSq_0XF5Q-dfc9XPp7T8vSrR4oyxzgurJ8uPZxC9/s400/3MSTI060509.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVXP4rE4HogRBuMGogTc9Yu0IT7EWrSExqD0XatW6vq3BAVwUkaRW4AA75UJDgtFmkchLQkNS3kx9fkR2t2mI0Ibv3CD5djAWTN_SnrGwoiMsiIL1VI4yXqdlT0BM6sYoqkgjlpj7AbYph/s400/3MKLCI060509.jpg)
No comments:
Post a Comment