Will Wong

SPX-EW long term Wave 5 completion

SP:SPX   S&P 500 Index
186 4 1
With wave (3) already longer than wave (1), Wave (5) can be longer than wave(3). With SPX             hitting and closing above an all time high, it is expected continue wave (5) progression to 2,870 before October 2016 when seasonal volatility is the highest.
Good for you if you are right but I can't fathom this.
Will Wong Trance-Man
I find it hard to fathom myself. But bears have been talking of a crash for the last two years. I can see all the bears getting slaughtered. The market can remain irrational longer than we can stay solvent. Time will tell.
Trance-Man Will Wong
I know what you mean, so good answer to my previous post, but where is the good news, really I am asking you because I can't find any, is there any that you know of? Is everyone expecting earnings to beat street on every release from every company?
Will Wong Trance-Man
AA, the first to report earnings beat both revenue and earnings yesterday. So who knows! Expectations can be managed!!!!
+1 Reply
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