Replies to post #27575 on T/A ETF AND INDEX

[Qone0]

Poker,

That looks good, except that this bear market rally should equal The top of the last rally to about 1576 as the FED should run the same game plan as they did in the late '60's through the 70's. A 15 year tripple top flat.

So the red square needs to be moved to the left into the last wave 5 and the top into 1576 area. I would read this as a wave 3 of 5 for a ST top of wave 3. They should reach this 1500 level by the elections. So there needs to be a shallow correction or it will blow right past 1576 by the election if this rate of accent continues.

Time will tell all.