croesus, page-3

re: croesus - chart Can anyone offer some clarification on what CRS is doing chart-wise?

I count the prior up-move as an ugly 5-wave advance.

The down-move looks like a 5-wave diagonal that is very nearly complete. Moreover, waves 1 & 3 in this diagonal resolve to 5-wave impulses. This means that if it is a diagonal, then it's a leading diagonal - the first wave in a larger 5-wave impulsive structure.

This means that - wait for it - CRS is about to have a healthy correction upwards, but won't get above $0.98. Then it's going down - way down below $0.45.

That's as far as I can figure it - I'd welcome anyone else' analysis.



Regards,

Ultrafart.