If this is a wave 4, then wave 5 is close at hand and that
should set up some even better pos divergences.
However, from 1129.24-1169.49 is almost equal to 1100.14 to
today's lows at 1039.83. Today could have been the end of a B wave
[A wave being 1010-1129] meaning we might be heading much higher in
a C wave yet to come before the wav 3 really begins.
EW can be so much fun to manipulate back and forth.
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Saw that pos divergence
wave 4 thoughts
Posted by perthx on 25th of Aug 2010 at 04:26 pm
If this is a wave 4, then wave 5 is close at hand and that should set up some even better pos divergences.
However, from 1129.24-1169.49 is almost equal to 1100.14 to today's lows at 1039.83. Today could have been the end of a B wave [A wave being 1010-1129] meaning we might be heading much higher in a C wave yet to come before the wav 3 really begins.
EW can be so much fun to manipulate back and forth.