The cross of 5025 and close above it has brought me back to the planning table . The EW perspective of the Basic Counts , that of a Third zigzag in progress and we are in the wave B of that , remains as it is . Below are some Charts , Observations and Conclusions for the Short Term EW update-
The Markets have moved up in last two weeks since the start of 2012. There are Bullish signals all over. Some questions like - Have we bottomed out? Is this rally sustainable ? How far can we move ahead? What's the signal of end of this upmove? etc, may be answered by combination of Technical Methods. Below are some self explanatory charts with observations -
Please read this Post in continuation with the Broader perspective shared at the last Analytical Write up - CLICK HERE , where the Bearish Insight was presented. As I was going through the Year end data and charts , few more things corelating with that view caught 'The Third Eye' .
