|Contracting & Descending 4th wave Triangles are similar and lead to the same conclusion shown below|
The Elliott graph at the top of the page depicts a Contracting triangle,
only because that Elliott site did not display a Desceding triangle as Ive DRAWN in the lower chart.
The original chart is from Columbia, and the Additions are MINE.
After the Completion of that 4th wave shon above we obviously get the FINAL 5th wave which continues the RUN from the March 9th ,2009 lows to my target top as of August 17th, 2011.
Using FIBO math, we can get some idea of where the highs will be.
900 pts were lost in 2008 & 2009
900 X 78.6% = 710 + 666 = 1376