Pretty strong rally in equities in the last hour today. Five waves down can be counted since the mid-summer highs, with the 5th wave being an ending diagonal that started at the interim high of Aug 31. If this is accurate then we should see a significant correction to the bear trend of the last three months.
Tuesday, October 4, 2011
Tuesday, 10/4/11 update
Pretty strong rally in equities in the last hour today. Five waves down can be counted since the mid-summer highs, with the 5th wave being an ending diagonal that started at the interim high of Aug 31. If this is accurate then we should see a significant correction to the bear trend of the last three months.
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