Update 17th Jan:
The more obvious has to be the preferred take. The bias towards Primary [3] being a typical ratio of Primary [1] favours extensions. With this take the expectation is that Intermediate wave (5) will be extended.
From 16th Jan:
These daily charts of the JSE Gold Mining Index (J150) show the development of Primary wave [3]. In the first view it can be seen that wave [3] approaches equality with Primary wave [1].
The next view looks into wave [3] and observes that Intermediate wave (4) is underway.
No comments:
Post a Comment