Translate

Tuesday, October 5, 2010

S&P 500 - 1,157.80 is not the top !

The rally above 1,150 this morning has told us, that the top isn't in place yet and more upside is likely to be seen. At this point my best call is some kind of triangle developing, if this is the case we should soon see wave D ending and then see one more decline in wave E before the final thrust up in wave 5.
The most important piece of information is that we haven't seen the final top yet and we should be looking for one more rally, when this correction is over.

No comments:

Post a Comment