Wednesday, July 7, 2010

Portrait of a corrective wave nearing an end

 SPX _15min Trend Model w/EW & False Bar Stochastic



My only quibble with the above-referenced wave count is that I think it's  a second wave correction and a prelude to a third wave down.  Whichever it is and whenever it starts, the next major wave will be to the downside and likely hard down.


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