I have been busy with work and travel so I have not had a chance to post anything. At this point I thought I would just highlight some EW trend channels.
I think it is probably safe to say that we are working on Minor C to complete Intermediate (Y) and with that Primary Wave 2. Price is fast approaching the center trend line for both the Intermediate wave and Minor wave channels.
An intersection of the two takes SPX somewhere between 1060-1070. I will be keeping an eye at this level.
I hope to provide a more in depth analysis shortly once I free up some time.
come on wave you've been in hidding because your last hs post.
ReplyDeleteby the way, did you notice we had a higher high for today?
oh my! but dont worry kenny has just said that
"I believe the trade now is to exit longs and scale into shorts in anticipation of coming downside."
I have faith, i will keep my shorts i have from 869!!! i am a beliver.
playtowin 54 minutes ago
ReplyDeleteThe blogs are now full of bullish counts - we must be so friggin close to a top!
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marsden 29 minutes ago
Not only that; but I've notice lots of anger towards EWT and other blogs that have been bearish as the market trudges higher. Another sign.
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mattco 46 minutes ago
Shhhhh. The less bears that talk about it, the better off we are. lol
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