Posted by frtaylor on 28th of Jan 2015 at 10:46 am
Haver's EW analysis leans toward a fairly big correction quite
soon - low 1900's on SPX. Of course he also details the bullish
count, but since INDU never broke 17,923 he's giving the bears the
advantage at this juncture. Today's action has me cautious, but the
FOMC may change all that.
Posted by frtaylor on 28th of Jan 2015 at 10:59 am
Paraphrasing Haver, if we bounce, one obvious place is right
about here - 2025 or so. FOMC could do the trick. A great short
possibility is that FOMC takes us up to 2055ish, where it stalls
and turns down. We'll see....
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EW Jason Haver's view
Posted by frtaylor on 28th of Jan 2015 at 10:46 am
Haver's EW analysis leans toward a fairly big correction quite soon - low 1900's on SPX. Of course he also details the bullish count, but since INDU never broke 17,923 he's giving the bears the advantage at this juncture. Today's action has me cautious, but the FOMC may change all that.
Paraphrasing Haver, if we bounce,
Posted by frtaylor on 28th of Jan 2015 at 10:59 am
Paraphrasing Haver, if we bounce, one obvious place is right about here - 2025 or so. FOMC could do the trick. A great short possibility is that FOMC takes us up to 2055ish, where it stalls and turns down. We'll see....