We have possibly been in a long flat correction since Feb 2009 with WXY pattern marked above(GREEN).
We have not been able to break the red line.
Currently in Wave C in Wave XY.
From here we can either go for XZ wave and go for triple correction(Green Wave) OR Break the red line and go for a C leg up(BLUE WAVE).
Lets see how it goes.
This is for education purpose only.
Please give your feedback.