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Tuesday, March 2, 2010
DJI and S&P 500 - Is close to end wave 2
In my post regarding DJI and the S&P 500 index, I wrote that we could have seen a top in wave 2, but prices was not allowed to break above 10,392.68 for the DJI and 1,111.13 for S&P 500 as that would call for one more rally above 10,438.40 in wave v of C for the DJI and a final rally higher towards 1,120.52 for the S&P 500.
If this wave 2 rally goes to its extrem we could a test of 10,538.24 for the DJI and 1,133.67 for the S&P 500.
Nothing has changes in the bigger picture, which still calls for a wave 2 top soon and the beginning of wave 3 down.
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Nice charts :) What program do you use for charting?
ReplyDeleteHi Pilaxx
ReplyDeletePlease Will you please send me an e-mail at
theelliottwavesurfer@hotmail.com