Spain – IBEX 21Oct12

Broke out of the channel previously shown and has not yet hit 5000! Previous projection was ideal wave point. Think of it as macro and micro policy decisions - Increase austerity - as you foll less and less people with your political incompetence things start to move faster, and when the ECB provides bail out for banks, this provides a new fractal opportunity for capital, but it does not change the bigger wave!

Due to the fractal structure of waves the gold top previously shown has been upgraded to a black one, hence the colour changes. Rest has followed the previous projection.

From 2007 top

And from 2010 top.

To put in M-3 we need to break 5905. Before next June!

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