EW analysis has one inherent feature.
Every wave is a subwave of higher degree.
The Corrective started from Diwali 2010 from 6339 downwards is not yet over.
But its first subwave (call it A or 1) was over at 4531 after playing out a diagonal(6339-4531=1808)
It second subwave(call it B or 2) is in play and at the most will do 5977(80% of 1808)
As an EW follower, one learns everyday. On looking back,one cannot help smiling at one's (silly) mistakes in labelling. Tomorrow, I may do the same for the above labels.
Raghu
