Good Afternoon,
It looks as though my numbers were done either a bit sloppily or a bit hastily last time and my prediction overshot the bottom of the intermediate (A) wave. However the prediction of movement on the whole was correct. The (5-3-5) downwards pattern of that wave which started on 4/25/11 and ended on 6/20/11 has reversed in a (B) wave correction. The next major move should be a strong (C) wave down which will, I believe begin a larger (3) wave down in price.
As a nice confidence booster, I was able to find this recent interview with Robert Prechter and our wave counts seem to be the same.My next low prediction for the DJIA is going to be $11254, though I am not sure as to whether the (C) wave will move down to this level in a vertical or more horizontal fashion.the Either way, enjoy the video and the market action in the coming weeks.
Best to all,
-W
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