Tuesday, June 14, 2011 2:47:04 PM
As suggested the 0.25 breach under today has given us a clear count that wave II correction is underway. Comparing to how 2009 took off, the wave II correction in EW term has always foretold a very steep correction. I expect we could either formulate a bottom at the 78% fibo which is 0.217 or even a 100% retest just like 2009. the fun will begin when we move into a wave III sequence which will catch everyone off guard.
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