tomj2417

SSMI - Swiss market bullish view

Long
TVC:SSMI   Swiss Market Index
48 views
4
The rally in world equity markets is starting to look just a bit more than a rally to my way of thinking. Here the Swiss equity market index has almost touched the 61.8 fib retracement of the recent decline. Does it have another leg lower t touch the out limit of the pitchfork or just a correction before continuing higher to complete a 5th wave? Or do we need to look at the decline/rally and subsequent decline that occurred in 1998 in this index. Also bumping up against that resistance line from 2007. One thing I do think is that if this count is totally wrong then it will be wrong in a very big way.........