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Tuesday, October 13, 2009

DJT - Impulsive five waves down Part II

(Click at the picture to enlarge)

I'm certain that wave B or 2 has finished and we are currently seeing the early stages of wave C or 3 down to at least 3,534.59 if it's wave C, if however it's wave 3 I would expect 3,534.59 to be broken to the downside adding confidence to the view that important top has been seen in all the major indices.

The divergence between the DJI topping yesterday and the DJT topping on September 17 was an important clue that a top could be close at hand.

Major tops could have been set in Gold, Silver and Oil today (not certain yet) and a important bottom might also have been set in the USD, if we are currently seeing some major trend changes we could see some very violent moves.

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