Rbaiga,
I'll give this my best shot, and there are some assumptions I have to go on. The peak before was that 5385 mark, and it also completed a legitimate wave count from the dip. Assuming that is correct, then the initial move went from 5385 to 5213. In approximating the angle of the correction, I estimated the market moved to circa 5319. That being the case, and then using assumptions EW people would use, the angle on the 2nd drop would be about 2 times that of the 1st. In evaluating that with the same time span in order to project the drop, the dip would be circa 4975.
I based that evaluation on several assumptions along with the math, but you can tell me how I did.
a simple math but difficult for,if y solve,kindly post your ans
