Thursday, June 17, 2010

6/17 noon

(iv) of c of 2 looks complete.  DJI/SPX/XMI fulfilled expectations by overlapping 4th wave or lesser degree (or iv of (iii) of 2).  Nasdaq overlapped it's extended (iii) correctly.  My wave count is heavily influenced by the position of I1 relative to it's predicted top (Monday).

Here is the technical composite.  Buy signal in effect until it declines to +4.  Very close, but we need more rally to get us there.

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