Decline is wave "B"of w4. This will allow for an additional rally up to 1305-1317. This remains my opinion even though this "B" wave fits ratio characteristics of a 5th wave. Due to the scientific nature of this research, even this seemingly subjective flaw can be explained through TIME.
Wave A's time consumes 1-2 days, Wave B's time consumes 3-4 days (exact minutes will be provided when my data provider quites blocking this information). If this first rally was the end of the correction then we would expect all upward market action to be retraced in less time than it takes to form. Since wave b's time exceeds that of "A" then we can conclude that wave b is also corrective in nature, and as such it should be almost completely retraced in 50% of the time that it took to form. This scenario would result in a positive impacting Fed decision occurring March 17th with a rally extending to 1305 , 1317, or 1325. WAVE 1-2 is Flat-sideways therefore the ABC of W4 abiding by the rule of alternation would be volatile.
Wave A's time consumes 1-2 days, Wave B's time consumes 3-4 days (exact minutes will be provided when my data provider quites blocking this information). If this first rally was the end of the correction then we would expect all upward market action to be retraced in less time than it takes to form. Since wave b's time exceeds that of "A" then we can conclude that wave b is also corrective in nature, and as such it should be almost completely retraced in 50% of the time that it took to form. This scenario would result in a positive impacting Fed decision occurring March 17th with a rally extending to 1305 , 1317, or 1325. WAVE 1-2 is Flat-sideways therefore the ABC of W4 abiding by the rule of alternation would be volatile.
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