If the market will break the 2065 level I will join the Bears! I will join the correction only when (or if) it will start.
Comments
kokoboko
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You have at least 2 tops in the previous 2 cases and break under the following lows which mark the major support level :) We marked the first top so we should wait for lower top and lower low :) Btw you waves are incorrect :)
Le_Chiffre_
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I bet your the lower high will be around 2050. Market change direction after sharp moves, we got it. Statistically the trend is over
kokoboko
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The uptrend is over, but the sideways started :) That doesn't mean that the downtrend is upcomming :)
CajunXChange
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Im thinking that's the Fed's plan from the jump ma lady...Spur asset prices to 1.61 ext, then hopefully, the market and real economy will catch equity markets at or around the highs of 07 top. This wouldn't negate the bullish runup so far, with the hope that the theory of 'escape velocity' is valid.
daibasta1
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very interesting but for me it is still too early, perhaps in October. Accomplice the war resumed in ukraina and Russian military intervention.
I hope not, but I think that with the beginning of October we see a deeper correction
Le_Chiffre_
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interesting to see how good is the MACD on such timeframe over the whole period of time
Natalie.Gin
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I agree...well lets hope that I got it all wrong...
Le_Chiffre_
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seems you were right ;o)
Natalie.Gin
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we got a correction for now.. but it looks like I was right (: