Nothing is abandoned. I only stated that there is a new higher floor (36) from which the fall will happen. Be ready

Regardless of the outcome that one day we hit 14bob_ will require serious Jubilee sh$t to the economy for that to be achieved, we were right and he was wrong. This idea of adjusting wave counts, in itself, shows clearly that they are not accurate and cannot be relied on solely/wholesome. Ni hayo tu!!!!!

My upper target in Safaricom was always 36.00 for wave B. At 33.30 wave B appeared complete but happenings of late has actually confirmed that wave B is a combination w x y. I reiterate that Safcom cannot go much further than slightly above 36.00s level. To avoid confusion from the skeptics, I am saying that Safaricom should not rise to levels beyond 40.00s.

The NSE 20 Share Index. My preferred Elliott count as indicated here implies an ending diagonal with waves 123 complete. I was calling for the index to rise slightly above 2387.82 to complete wave 4 then fall to below 1730 in wave 5. But an alternative count which is even more bullish has come to light.

By this alternate count, the NSE 20 Share Index has actually bottomed in a major way (ie a bottom that can last more than a decade). It suggests that the point labelled 1 is wave W, the point labelled 2 is wave X and the bottom point labelled 3 is wave Y. This count is enticing for the very reason that wave Y is equal in length (Fibonacci 100%) to wave W as expected by the Elliott Wave guideline of wave extensions (Fibonacci extension).

If this alternate count is actually the case then expect the NSE 20 share Index to rise to levels beyond the previous all-time highs (6110s) in the coming years.
An Impulsive move to levels above 2700 will be key to the alternate count.

All in all, our preferred count and alternate counts both point to the same direction for the NSE 20 Share index (UPWARDS). Of course a significant move below our current low point of 1730 will require a re-assessment of wave counts.