Sorry another late post, but I just couldn't find the time to get to this sooner. The day brought in almost nothing of value as volume was even lighter than both Thursday and Friday. My only conclusion on the day is that we will break today's high since there were no sellers coming in an overbought market, so the big boys must be waiting for a higher technical level to sell.
Hopefully tomorrow will bring something of interest...
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I agree with your forecast. More specifically, we have two more tradeable waves of minor degree to go. B wave down starting today or tomorrow that should last about 4 days, down to about S&P 1010, and C wave up that should last about 7 days, up to about S&P 1070-75 on sept 29-30. That should mark the end of Primary wave 2.
ReplyDeletefernando, i'm afraid (hopeful actually) that our last B wave ended today. See today's post.
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