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As mentioned in the last post, I was expecting an 10/26 High, which is being formed as we speak. The possible e-wave count is shown. From this high expect a sharp decline and then one more High on 10/30/09.
10 comments:
Anonymous
said...
but the high should be later today? Or is this it?
is there a reference to the broken wedge you refer to in the comments - what are the TL price points ? thanks for your commentary its very interesting...
10 comments:
but the high should be later today? Or is this it?
If it is an ABC flat, we should test the 1095-96 SPX area before it is all over.
You can scrap the flat idea.
Highs arrived with a perfect back-kiss of the Trendline.
Time to buckle up
one more high on on 10/30? any price target on that high?
thanks
aymon
It should be a retest of the recent Highs.
If we are going to have any kind of high on Friday, it better get going. Is it possible Friday is a low?
10/30 should be a retest of the broken wedge TL, but 1st we see an 10/29 lower Low
Rally Time start today and into tomorrow, we'll see
is there a reference to the broken wedge you refer to in the comments - what are the TL price points ? thanks for your commentary its very interesting...
The wedge TL is the 3/6/09 Low - 7/8/09 Low linear Trend line, it comes in at 1065-67 SPX today and tomorrow.
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