Note we are in wave 5 of the longer-term bull trend, but we are still in a secular bear-market, and while this pullback could possibly be the wave 4 pullback before the wave 5 surge inside of the wave 5, I'm always sure to be early in these kind of climax trends, otherwise if you hold the bag when you know what's happening, you get caught in sharp trend reversals like what has happened so far in '05
***WAVE 5 (INSIDE OF) WAVE 5 OF BROADER MARKET = BIG TIME SELL, SELL, SELL!!!*** DO NOT GET CAUGHT IN THIS IRRATIONAL EXUBERANCE SELL THIS STRENGTH, MAJOR WEAKNESS IS AROUND THE CORNER!!!>>>
***This is a major long-term sell-signal, and I am mocking my first major warning from December 22nd, #msg-4910131 - Since that warning, the markets went into a slide opening up 2005 and in late January bounced to the levels they are at now, which are still not higher then when I made the first warning on December 22nd, this may very well turn out to be a failed wave 5, and I reiterate, crash alert conditions currently exist...
NASDAQ (1 year):
SP 500 (1 year):
DJI (1 year):
RUSSELL 2000 (1 year):
To see the longer-term wave 5, please see #msg-4910131 where I made my first major warning!!!