EW lesson 1 continued .... answers requested.

Please see the same chart of Nikkei daily from March 2003 bottom.

(1) Yes ID, the black count is same as your count. OK, no problem here.

(2) Here's what I meant by the drop -- refer to the drop from the Feb 2006 highs. Keeping the degree of tend the same, i.e. Minor waves as shown, I was not sure where wave 3 ended -- January top or is it the February top. Sorry about the error in communication.

So, to repeat; could the Feb top be the top for wave 3 instead of the January top? This would mean that we are now in wave 4 down, with wave 5 yet to come.

Please clear this for me.

Thanks amigo.