Tuesday, March 22, 2011

3/22 11:15

The stock market may have just completed wave iv of (iii).  This will be followed by a wave v to complete wave (iii).  3.5 days remain to complete an impulse wave up.  SPX declining below 1288.8 will change the count and increase the probability that EWI is right and that the top is already in.

The Euro has finished a wave (iii), so a down and up will complete the big C wave that marks the top of primary 2.

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3 comments:

  1. The HookMarch 22, 2011 at 9:48 AM

    Do you have a chart of your Euro count?

    ReplyDelete
  2. AnonymousMarch 22, 2011 at 11:07 AM

    I was thinking of buying TLT during up and coming downtrend of the stock market because of flight to safety thru the year, but you had said that bonds will top out in the first part of April. Do you believe that interest rates will go up because of inflation as well as lack of demand of treasuries since the Fed is no longer buying the treasuries once QE2 ends or that flight of safety from US equities will keep interest rates low?


    Mark S

    ReplyDelete
  3. SteveKotelesMarch 22, 2011 at 12:57 PM

    Mark, I'll post the Euro chart tonight.

    ReplyDelete

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