Commentary for hui (Daily) on 13-Jun-2001 with two incomplete patterns:

Wave B of the Primary degree Zigzag with a rating of 108.9 is expected to complete in the price range 66.62 to 79.64, but more probably between 68.24 and 74.76. This wave could complete anytime between now and 08-Oct-2001, but is most likely to complete sometime between 15-Jun-2001 and 28-Jun-2001.

After wave B is complete, expect the market to continue down into wave C, which should be a five wave impulsive pattern. Expect wave C to fully retrace wave B and be about 61.8%, 100% or 161.8% of wave A by price range, with 100% the highest probability. Another probable target price for wave C is 61.8% of the price range of wave A beyond the end of wave A. The expected time for wave C to complete is between 61.8% and 161.8% of the shortest wave of this pattern by time.

Wave II of the Cycle degree Impulse with an exceptional rating of 282 is expected to complete in the price range 35.31 to 70.77, but more probably between 44.18 and 66.34. This wave could complete anytime between now and 13-Aug-2007, but is most likely to complete sometime between 15-Jun-2001 and 01-Oct-2001.

After this wave II is complete, expect the market to continue up into wave III, which is the strongest and fastest move of any Elliott wave. Wave III is always an Impulse and will retrace wave II completely. Expect the price range of wave III to be greater than wave I, with the most likely target between 150% and 350% of wave I. The time taken for wave III is most likely to be between 100% and 400% of the time taken for wave I. Once wave III is complete, expect wave IV to be a sideways corrective movement, then wave V to continue in the same direction as wave III, but not as strongly as wave III. Wave V will complete this Impulse.




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