I expected the retracement which never materialised in the manner expected. Yet the 600+ for possible completion of 5 waves have more than met and in fact we are probably not half way in to this cycle.
Note my comments in the chart. Clearly we are in wave (3) on my chart and this have habit of extending several times particularly in very strong trend. Therefore, no Fib extension or trend channel or such would really work. So using the percentage change in price of wave (1) and projection by common Fib relation of wave (3) and some other similar calculation, I speculate that we might now surpasss 10,000 mark for wave (3) to complete by March 2014. One to watch for sure as there will be sharp sell off along the way that might give heart attack of if entered the trade at the wrong time or stop too close to the price action given the 400+ decline not unusual as we continue to clime higher.
What if we've finished (iv) with 50% correction on 2013-12-04 and are having end-of-year stabilization period before (v) as on your original chart? That is, what if your original prediction is correct, but wave (iv) happened a bit sooner and a bit faster than expected because of China announcements...