Short term....I still think abc up to the 652/56 area for B...provided we can get a daily close above spx 1405.
...then down to 616 area....spx bottoms when oex bottoms.....
then a magnificant rally into Sept..........a wave 4 correction into oct/nov is going to feel like a crash....but bullish aftermath. 2 charts
http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=1&mn=4&dy=0&i=p63268047358&a=87693315&r=9290.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=8&mn=0&dy=0&i=p55496770924&a=99807757&r=5841.png
October will feel like the crash....
Started by
eminimee
, Mar 02 2007 09:39 AM
2 replies to this topic
#1
Posted 02 March 2007 - 09:39 AM
#2
Posted 02 March 2007 - 09:46 AM
Is there something in the air that gets everyone tempted to predict a crash??
Edited by greenie, 02 March 2007 - 09:46 AM.
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#3
Posted 02 March 2007 - 10:06 AM
...there's a difference....I said...."feel like a crash"