hehe

$SPX - Ending Diagonal - Last Action Hero.

INDEX:SPX   S&P 500 Index
After many months of fight, the markets are ready for a correction. 3-3-3-3-3 formation /Ending Diagonal / on the SPX             is almost ready. Bearish Three Falling Peaks may end this structure on the current levels. Who will win this battle? One thing is clear - the market needs correction.

http://www.elliottwave.com/freeupdates/archives/2013/01/28/Ending-Diagonal-A-Pattern-to-Send-Shivers-Down-the-Spine-of-Investors.aspx#axzz3XrJr1Fzn

http://thepatternsite.com/3fp.html
... another reason to correction /wolfe wave/ :

snapshot
+5 Reply
hehe hehe
http://www.investopedia.com/terms/w/wolfewave.asp
+4 Reply
I keep my fingers crossed for ~ 2160 S & P
+1 Reply
Thx all for commnets.
Reply
Nice chart but quite some points to 216
+1 Reply
Are you sure it needs a correction... well.... I can live that... long over due :) .... So... Bring it on ;)
+1 Reply
hehe WallStScalper
Yes I'm sure. For now, we have a healthy impulse / since 2009 /. We need a wave 4 for further growth. Otherwise the market will go on sideways trend.
+4 Reply
SLAVO hehe
I agree.
+2 Reply
ossfi WallStScalper
it needs to go to the 2000 if we want a good correction
+1 Reply
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