Monday, March 8, 2010
Building a top
Tight trading range, sideways drift today. No new information. 5 waves up can be counted at today's high, although it's an awkward count. One more push up of 9 points or so after this small consolidation would fit better from an EW standpoint. So if we didn't see a short term top today, one is not far away both in terms of time and price. Still in cash on the sidelines, haven't seen an opening as of yet.