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Wednesday, September 16, 2009

The blue 1-2 with question marks go with the chart below!!




Here is a new chart, to go with what I was talking about in my last post, the feeling that I got today that we were in the middle of a third wave. We shall see soon how valid this count is, The trendline that was broken, could turn into support and this count would work well with that outcome.

3 comments:

  1. Please see http://market-timing-update.blogspot.com/
    for a similar count, but with an extended fifth wave, placing today's
    peak at as iii of the extended fifth wave, calling for a top to come sooner.

    ReplyDelete
  2. My count is only slightly more bullish than yours. Market breadth was higher today then at any time since Sept. 3 suggesting we are only passing through the centre of the wave. Your other post regrading an upcoming triangle is interesting and something to keep in mind. Great ideas. -pat.

    ReplyDelete
  3. Thank-you Pat, If you have a blog going, please drop off a link so I can follow you :)

    ReplyDelete