Friday, July 16, 2010

7/16 12:15

The stock market is still within the uptrend of the 5-minute, 380-unit M/A and will be until 10,120.  The wave structure is an ABC today with the C low at 10,142 , so the entire sequence of moves from the Tuesday high has been ABCs, even wave C. I am holding until 10,120.

2 comments:

  1. Why do you think the top will be July 21, is it possible the 1099 already the top? and we are at another down trend?

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  2. The I1 top date is 7/21 at the close. I expect the market to retrace until the top. I believe that 10,420 is the top. I follow I1 like a dog.

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