Tuesday, April 22, 2014
Nothing much has changed. The call is an extended Minute [v] of 5 or a more muted [v] of 5.
Extended "classic" shown the SPX weekly:
A more humdrum "muted" Minute [v] of 5 shown on the Wilshire5000 2 hour chart:
Using the SPX weekly above, if the green channel breaks down, then likely the rally is over. Or even if (ii) of [v] pivot is broken under.
Posted by Daneric at 5:59 PM
Monday, April 21, 2014
Thursday, April 17, 2014
There is not yet a 5 wave impulse pattern down on any of the major indexes. Except the banking sector is looking better as an impulse down than not. So we must use wave counting theory and assume a new high could be coming.
Posted by Daneric at 6:58 PM