I will only post tranny chart but entire indices across the market is approaching a sell point which will likely be a corrective pull back in the existing uptrend
SPX broke above the trend lines I showed on Friday. This means the sell off will be corrective and should be measured on the other indices which in fact showed the precision at the top of the move (SPX 1555)
Those are Whilshire 5K and Russell2K indices. These indices give the clear definitions for the current wave structure , not ewave of course, but the waves between the trend lines that are controlling the mainstream.
I have no short position, as well as long at the moment.
just beware of the army of suckers and the trends that makes the market
Edited by A-ha, 25 August 2007 - 02:23 PM.
