Now that the wv 4 of 3 of "C" is out of the way we can now watch, and or short the V of 3 of "C
Next 2 days, again contrary to charts edge should take the spx under 1400.
Some targets have been proposed by others as 1352 to 1328.
Theres not much time left between now and DEc 10th for the final low of the correction from Oct 11th high, so the sell off must show its force starting now.
After the LOW this Friday, they should get a strong rebound next week to the 4th or 5th,.
That would be wv 4 of "C", then looking of course for 5 of "C"
IF your a bull, then hold onto your cash and get ready for one hell of a rally on DEc 11th which should carry thru to at least mid Jan 08. and thats just for starters.
Best Wishes
Jay
No comments:
Post a Comment