Point being it still needs to make a Higher High....
THEN THEN!!!!!! needs to make a higher Low.... It's still HELL AND GONE FROM a TECHNICAL DOWNTREND.
Lets also talk about the market, for all the "Looked like it was going to make a Lower Low" It didn't. It also needed to make a Lower High. It did Neither.
Certainly there is a chance that we will cliff dive after a top. but we need a Lower Low... then a Lower High...... and not aggressive but defensive until that happens.
5 comments:
FWIW, my (lame) elliot wave analysis says the absolute highest the SPY can get in this cycle is $110.43...
then an a-b-c
tks.... you know I think all EWT is lame... and strangly correct from time to time.
so yours is as lame as mine..
of course you read a book, I just checked out some websites...
BTW I fucking win
SHOOTING STAR!!!
WTF is a shooting star?
http://www.oilngold.com/tutorials/candlesticks-tutorial-ii/doji-shooting-star-20080723274/
BTW, game on, we lost 109.40 support.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlestick_bearish_
aka
http://tinyurl.com/2ymkdw
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