Elliot Wave Analysis with Harmonic Interpretations_Update 3_3_13

I am placing the current minor and intermediate wave counts near completion, with the peak and resistance in the DJIA in and around 13,4365. I anticipate this being accurrate within 30 points margin of error on either side. After completing wave (c) pink of Minuette degree, the market should stall and begin a downward trend. I am uncertain at this point if this bear market correction will form Intermediate wave (4) (red) within the first motive wave of a larger Primary [1] wave (black), or if the bull market diagonal pattern will in fact mark the top of Wave [1] (black) and precede a deep primary wave [2] (black) correction. Either way I expect the markets to turn south upon stalling in and around 14,365 points. Please see the attached charts for the counts of fractal degrees Primary down through Subminuette (labeled in red not black in chart 1-5)

1-1

1-2

1-3

1-4

1-5

1-6

1-7

 

 

 

 

 

Good charting,

Warren