at crossroads, page-2

Hi Jaysee,

good analysis, I think... it would be a whole lot easier if CBA would just roll over and DIE already...

Looking ahead at the alternate count, it presents a problematic big picture owing to the prior 5-wave impulse down from $34.94 to $23.05. If the current up-move completes a 5-wave impulse somewhere around $33.00, it won't leave much room to fit in a corrective pattern before $34.94 is breached.

Still considering the alternate count, one possibility that allows consecutive single 5-wave impulses in opposite directions after posting an extreme would be a leading diagonal. If this were to be the case, then after the current impulse UP finishes, then another impulse DOWN would follow to below $23.05, then another UP and another DOWN to below the prior low below $23.05. This would complete Big-Time Wave I down since $34.94.

Then we'd have an upward Big Time Wave II correction which wouldn't get above the peak of $34.94, and would probably drag on for many months, given the scale of Big-Time Wave I. Then Big Time Wave III down would follow.

It would be simpler in the short term if CBA just went down instead of up on Monday...

Regards,

Ultrafart.