Thursday, June 17, 2010

6/17 3:00

The stock market is engaged in a 4th wave triangle and 5th wave has not started yet.  As can be seen wave (iii) extended from 9,785 to 10,410, very large.  The correction of wave (iii) is consuming time, not price, and is taking a typical 4th wave form, a triangle/rectangle.


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