AI
Thursday, July 29, 2010 11:46:06 AM
What might have happened with SPX: We might have completed a truncated wave 5, after touching the midline of the fork! This would be part of a fractal [yellow rectangle] which resembles the previous top formation that also displays a truncated 5 completed on 7/15 [white rectangle]. If this is true…we should be engaged in a tradable downtrend.
Those who don’t want to look at charts can watch CNBS which tells them that this is a great buying opportunity.
Those who don’t want to look at charts can watch CNBS which tells them that this is a great buying opportunity.
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