i mentioned in the spx post that there was also a more bullish view, so i'll just make a quick mention of that here.
it's possible that the corrective process is already complete, and that the final upward thrust is already underway...
one of the problems with EW interpretation, especially with complex corrective waves, is being able to correctly interpret in real-time where the correction ends and where the impulse begins, but within larger corrective waves, as i think we are, and now chopping around in the end of one... it's even tougher.
anyway, for some time now, i've had a target on the dow for the potential end of this corrective process in the 11,200 range, and as you can see below, that target is now nearing the right price at the right time, so this is something worth keeping one's eye on, since confluences (especially important confluences) in Andrews' work are quite magnetic when it comes to attracting the price level.
--tsharp
dow, the boolish caveate...
Started by
tsharp
, Mar 04 2005 06:44 PM
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