Hi Matt, with respect to this chart are you still of the opinion
the market will at some point retrace 38-50% off this whole move
from March or is the count slowly changing? If you look at it we
have come up around 240 points and it is only 194 points to 1100
(approx 20month MA), we could just use time and work our way up
with only very small dips. Thanks
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Hi Matt, with respect to
SPX 15 min chart.png here's the possible short term wave count; ...
Posted by topbman on 5th of May 2009 at 05:08 pm
Hi Matt, with respect to this chart are you still of the opinion the market will at some point retrace 38-50% off this whole move from March or is the count slowly changing? If you look at it we have come up around 240 points and it is only 194 points to 1100 (approx 20month MA), we could just use time and work our way up with only very small dips. Thanks