Replies to post #20217 on T/A ETF AND INDEX

[POKERSAM]

capt - I actually thought today would get a little higher, but i'll take it.
Of course if the best the bears could do was break even that is also the best the bulls could do. LOL
The pattern looks like a rising wedge from first of Nov. It is now very near its apex.
In EW this is an ending diagonal wave 5. Diagonals only appear as wave 1 (leading diagonal) or wave 5 (ending diagonal). Horizontal triangles only appear as the next to the last wave in a pattern. In other words as a wave 4 of wave B. Just FYI.

I had Cramer on in the background and he is a raging bull. He is slamming every one who has any negative views of the market. He says this is not a bear market rally or a correction in a bear market. He says this a NEW BULL market that you cannot afford to miss. heh heh