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the sp e wave


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#1 gannman

gannman

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Posted 05 August 2011 - 10:39 PM

it looks like we completed a wave today not sure what degree. resistance is 1220 to 1240 we need to rally for a couple of days. if it was a 1 of 3 then i would expect another 200 point drop after the rally. all the way back to the sep 10 lows with still more downside to come after that. if it was a 3 we competed then i would expect another wave down to about 1090 and then a substanial rally. impossible to tell right now
feeling mellow with the yellow metal