Sunday, December 12, 2010 12:48:38 PM
SPX. I posted here a predecessor of this chart, with the same count, over 1 moth ago, when “it” called for a top of W3 (green) and w5 (yellow) due an imperative, which seemed obvious to me: w5<w3<w1.
Anyway…let’s look up and forward: I sketched some extension levels, which do not need further explanations.
One could notice two levels of confluence, which I will be watching with interest. My bet is that one of them will become a LONG TERM TOP.
Anyway…let’s look up and forward: I sketched some extension levels, which do not need further explanations.
One could notice two levels of confluence, which I will be watching with interest. My bet is that one of them will become a LONG TERM TOP.
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