I haven't posted any charts for some period of time. You can't point to anything but an uptrend, Or babble meaninglessly about range bound. I hold my long term view.
I suggested yesterday that what the market wants is to catch you on the wrong side of it to the tune of 20SPX points.
I posed the idea yesterday that the morning buyers were just people with the thesis that we would rally on weak volume all week... maybe they are right...
or they are bag holders....
What am I saying.... Good question.. I guess we need to see the next upswing.
4 comments:
1-2-3 Exhaustion pattern? What does your right-brain say?
http://starwealth.blogspot.com/2009/11/other-1-2-3.html
it says we keep trying to get wave 5 and they exhaust before they can happen... so wave 5 failures
I haven't done exact wave counts in a while, but I thought yesterday's high was the top of Wave B, now we are in Wave C.
In the first hour, we've already done 1/3 the volume of yesterday.
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