Tuesday, August 4, 2009

Are We There Yet?




Wow. What a wild ride. Some say don't fight the market or "the trend is your friend". That has been some trend.

Are we there yet? Who really knows other than the market. I'm just trying to count the waves to see if there are any patterns that may provide a clue as to this end.

It would appear that we are very close. I have two diagonals at differing degrees and a retracement level coming to a head that would indicate we are much closer to the top for Minor A than we have so far in the past three weeks.

How will it play out tomorrow? 1013 will be an interesting level. Will the final 5 stay contained within the trend lines?

Check back tomorrow!

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