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发表于 2010-5-21 10:40 PM
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The way market moved invalidated my previous count, but it did reach my target of 105x. I closed most of my short positions this morning almost at the low, as I believe we would have some kind of bounce. Today's late strong and broad rally plus the coming famous bullish Monday both seem to call for the end of this correction. However, don't get too excited yet bulls, as the drop started last Thursday can also be counted as 1-2-3, with today's low as the end of wave 3. If in the coming days, spx does not take out 1114.96 before seeing a new low, the rally started today is just a wave 4. If we have a 5-wave decline, then A-B-C might turn into 1-2-3...
Again, I said last time that I don't think this is the start of P3, as the market strength was broad prior to this correction, and Russel and Nasdaq are still above 200 MA as of close today, with Nas barely... However, keep an open mind, and don't put all your chips in yet...
从现在的走法看,今天更像wave 3 of 3 of A, 所以A有可能直接到200MA。然后B反弹到差不多今天的位置,或者更 ...
laouuu 发表于 2010-5-6 22:43 |
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