To confirm 05/02-05/12 as a cycle peak (not the TOP), needs to see a lower weekly close, close below 1878.48, the other gauge is the 0.236 retracement out of 1902.17 & 1814.36, thus 1877.71. (Note: this is the minimum requirement)
In the past 18 months or so, most of the top callers got "drowned" (chart 1). Meanwhile, a normal pullback in an uptrend had been interpreted as “The End of bull” by those 'vigilant' speculators. ( chart 3 & refer to the descriptions).
imho: In overall, still the same old 6 boring words: “The wave structure still looks bullish” (chart 4 & refer to the descriptions).
Saturday, 02/08/14 12:24:01 PM http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96999787 IMHO, the Long term weekly chart hints a possible recurring rhythm. As long as bull can hold the critical support zone 1450-1620 +/- . the bull market (since 2009) is firmly intact.
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