we're seeing nas and dow going up at a completely different pace, which was especially also the case on a day of the last week
S&P 500 holding above 1.470 should be positive and indicate that we go for 1.500 before 1.450
is this a wave B
Started by
relax
, Sep 04 2007 09:18 AM
2 replies to this topic
#2
humble1
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Posted 04 September 2007 - 12:55 PM
maybe c of B correcting the vicious downthrust from mid july ? the 8/16 low would be the finish of b of B under this read.
we should know soon, since with this count we start must start down within a few market hours.
Edited by humble1, 04 September 2007 - 12:57 PM.
#3
relax
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Posted 04 September 2007 - 01:07 PM
cycle low coming up around sep 10-12
i'm thinking we hit 1.500 and then go down to 1.430-1.450 for sep 10-12
the way i'm seeing this at the moment is that it's "business as usual" in that economic data is controlling this market
that it not a guarantee but a high probability of a "buy on dip" and "path of least resistance is up" market
good trading humble!
