Ravi said...Hi Eveyone:
I am bacck in the USA and the similar time zone as others here.
Looks like we completed Wave (iii) (up from 869 low) at July 16th hi of 943.96 and done a, b of extended correction for wave (iv) in two days. Today should be c of (iv), with a target in 927.45 to 934.31 area, the area of the prior lesser degree iv.
Say we end (iv) at 930; then (v) = 1.618 of (i) will target 960 area as the end of A and beginning of B for a deeper correction.
Can we do all that by 23rd to fit into Jay's time consideration? Certainly looks plausible if we sell of about 20 points today and then a do 30 points in a 5 wave up for the next two days.
MY work seems to be looking at mid day on the 23rd for the HIGH & TURN
the reading for the 23rd=
DONT FOLLOW THE CROWD
Look for SUDDEN changes
safeguard your possessions
the BULK of the decline appears next week thru the AM of the 29th
960 to 970 should stop the advance if we get back to 940 area today which was last Ths/fri closes
I think 935 might be more than I can expect
Today's PROPENS shows
down -- up - down close
notice that Chankya's chart coincidentally also shows the 23rd as the TURN date
and AS I mentioned several times 2+3 =5 = change