The SP500 trendline indicate to pretty much the same area (~855). The long term line is just for guessing. BTW, it's make no sense to predict long term.
Another observation is the BB up band is 868. Let see 855 or 868 will play out
centurynull, I don't think spx will go 775 anytime sooner. It likely go 870/880 before see a 30-40 points pull back, then heading to 900+, final target 1000 area.
XLF will break out and see 11-12 soon, as measured target.
I should mention i made a typo in title. WAVE 4 diagonal should be changed to WAVE 4 triangle. Per Elliott Wave, triangle pattern mostly happen in wave 4.
The SP500 trendline indicate to pretty much the same area (~855). The long term line is just for guessing. BTW, it's make no sense to predict long term.
Another observation is the BB up band is 868. ...
centurynull 发表于 2009-4-5 00:49