Nifty : wolfe wave Point 5

http://lalitlk-lalit-lk.blogspot.in/2012/04/nifty-wolfe-wave-analysis-post-event.html

I had pointed out a periodicity in the chart had co-relationship with fibonacci number.

From the chart, I have tabulated data (as explained in beforecited blog) as follows:

Date	R_No	Open	High	Low	Close	Candel	Fib_No Relation
7-Mar-12	1	5207.05	5243.85	5171.45	5220.45	W	1
14-Mar-12	8	5490.55	5499.40	5437.80	5463.90	B	8
29-Mar-12	23	5145.95	5194.30	5135.95	5178.85	W	21
3-Apr-12	28	5353.20	5378.75	5344.45	5358.50	B
3-May-12	58	5211.20	5217.30	5180.65	5188.40	B	55

Here it has taken 58 days to form points 1 thru 5 ( as compared to 91 days in earlier case), both has some co-relation with fibonacci numbers 55 & 89 .

I postulate the target shall be reach on 03/06/2012  ( the 89th day being next fibonacci number)