BSE Sensex Elliott Wave Count

This post could have been labeled the "2 Week Senseless Sensex Guide." Expect a lot of volatility and a post from me every week.

The chart below is an updated chart of the chart i first posted on April 17, 2011. We missed the 17750 target by only 36 points.


The market has completed 5 waves down from the 14th of April to the 25th of May and is currently retracing the down move. As part of that retracement, we already got one up move and I now expect a move down to 18072-17786 by possibly 7th June or 8th June and then finally an up move whose targets i shall determine once we complete that down move this week.