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Saturday, September 12, 2015 11:32:23 AM
Market top or NOT?
* following what I thought was a "B" wave from last Dec to about July still has me thinking it looks like a B and not a topping wave.
* The first chart WLSH with an up fork that fits so well looks like it should make a new high. There is also triple tags shown with pink TLs that need to be taken out.
* second chart NDX came so close to taking out the 2000 top and failed while COMPQ did take it out has an unhappy family situation and this high needs to be taken out.
*third chart SPX monthly, prior tops have at least hit the upper 20,2 bollinger band, this did not.
* forth chart SPX weekly, we didn't come close enough to the 2213 target
I'm forgetting something else I think, anybody else with some thoughts about why we should make a new high?
* following what I thought was a "B" wave from last Dec to about July still has me thinking it looks like a B and not a topping wave.
* The first chart WLSH with an up fork that fits so well looks like it should make a new high. There is also triple tags shown with pink TLs that need to be taken out.
* second chart NDX came so close to taking out the 2000 top and failed while COMPQ did take it out has an unhappy family situation and this high needs to be taken out.
*third chart SPX monthly, prior tops have at least hit the upper 20,2 bollinger band, this did not.
* forth chart SPX weekly, we didn't come close enough to the 2213 target
I'm forgetting something else I think, anybody else with some thoughts about why we should make a new high?
"I may not agree with what you say,
but I agree with your right to be wrong."
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