XJO 0.10% 8,212.2 s&p/asx 200

Somewhere I saw the suggestion of this period from the Nov low...

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    Somewhere I saw the suggestion of this period from the Nov low as a flat correction.

    It is looking less likely that a 3rd leg down or 5th wave from Jan is to happen.

    If the 3 waves up from the Jan low now followed by 3 waves down is followed by 5 waves up (or 3), that could make it a big flat 4th wave from the all time high (or and ABC-X-ABC if 3 waves up).

    Actually a bit more an irregular than flat, and would suggest the Jan high as a probable target or at least a maximum.

    Of course it may be something else altogether, but EW always works in hindsight, lol.
 
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