Thursday, October 14, 2010

Looks bullish until proven otherwise...

With a market that just won't stop and the NDX testing our previously labeled primary wave 2 highs, it appears that primary wave 2 is not over. However, this is a dicey place to be getting long since a failure here should be significant with one index hitting a new high and the others not confirming that high. We would essentially have a failed 5th wave and the maximum of our ED from yesterday would be in play.

Take Care.

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