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Lines that (monthly) SPY likes


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#1 dadook

dadook

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Posted 21 October 2014 - 09:34 PM

I was thinking this thing will hit the bottom channel line to complete wave 4 before a desperation wave 5 comes. However the "desperation" might already have started. And market follows what Feds "think".
Let's see where they take it next after a little more correction.

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#2 dadook

dadook

    Member

  • Traders-Talk User
  • 320 posts

Posted 21 October 2014 - 09:36 PM

I was thinking this thing will hit the bottom channel line to complete wave 4 before a desperation wave 5 comes. However the "desperation" might already have started. And market follows what Feds "think".
Let's see where they take it next after a little more correction.

Posted Image



Wow, and that 07,08 crash starting to look smallish next to this recent rally.