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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (10288)	4/15/2009 9:01:37 PM
From: Perspective	1 Recommendation Read Replies (2) \| Respond to of 41531

I see EWT is all bulled up on India: Roadmap to SENSEX 100,000 elliottwave.com This is where I think they may be getting themselves in trouble by using strict Elliot reads. My guess is that they see the present three waves down as a "IV" to match the circled region on this chart, potentially a "II": I may have to eat my words on this - it could be a serious learning experience - but this is where I believe that one can use fundamentals to help steer wave counts. I maintain that the present D-process is a once-a-century global deleveraging, and that no country with any significant global exposure can honestly hope to escape it. They may be right that India only has three waves down while the rest of the world has five, but my guess would be that they will then end up with 3-3-5. The putative 3-waver correction up is now about 62% of the duration of the 3 waver down, and smacking into 200DSMA. Maybe something incredibly different from the rest of the world is going on, but I doubt it. The Great Depression left pretty much nobody unscathed. Pretty huge test going on presently there. The trendline for the whole bear and the 200DSMA all rolled into one, and up a mere 41% over the past month. I think I'm beginning to understand why the moving average folks chose 200DSMA as the line in the sand. `BC