Referring to
$indu dailyIt feels to me as if we are repeating the action of
December of last year (that advance was almost marked as a-b-c) and
the recent action of the Dow was choppy. In terms of the outright
similarity, last week's action resembled the no-taper announcement
from September of last year.
So, more upside from here into 2000 or 2020 on SPX?
Comments?
thanks for your input. I needed an objective look, as I don't
want to make trading implications off a wave count. A choppy and
overlapping advance has suddenly become an impulsive move to new
sky highs.
Title: A similarity to December
Posted by junkie on 8th of Jun 2014 at 08:37 am
Referring to $indu dailyIt feels to me as if we are repeating the action of December of last year (that advance was almost marked as a-b-c) and the recent action of the Dow was choppy. In terms of the outright similarity, last week's action resembled the no-taper announcement from September of last year.
So, more upside from here into 2000 or 2020 on SPX? Comments?
Very similar you are right.
Posted by rbreese on 9th of Jun 2014 at 07:08 am
Very similar you are right.
thanks for your input. I
Posted by junkie on 9th of Jun 2014 at 07:50 am
thanks for your input. I needed an objective look, as I don't want to make trading implications off a wave count. A choppy and overlapping advance has suddenly become an impulsive move to new sky highs.
Tony Caldaro is excellent and
Posted by rbreese on 9th of Jun 2014 at 08:23 am
Tony Caldaro is excellent and he sees a brief pull back about 1 % and then new highs before a bigger sell off.