Update - I added prices to a hypothetical situation. If 1.P2 topps out truncated at 999 (the inverse of the bottom) near the 38.2 retracement I may freak out.
Shanky - I know you moved from the P1 to P2 camp on seeing things play out ... Idan is predicting this as wave 5(5) ... at what point do you think we will be able to clearly say which wave we are in ?
AS and S135 - I posted in Kenny's blog yesterday the thought of us being in a 2.5.5.1. Have not totally given up yet on it. I was one of the last to leave, but I left the door open. According to EWI, Kenny and Daneric we're in P2 with the topping of 804 on SPX.
Things suck, but I guess when really bad things marginally improve or marginally stop getting worse the market will react positively. I'm still holding out the possibility of capitulation on this move here. If not it happens in P3. Thanks fot eh views. S135 - don't be a stranger.
Shanky - I know you moved from the P1 to P2 camp on seeing things play out ... Idan is predicting this as wave 5(5) ... at what point do you think we will be able to clearly say which wave we are in ?
ReplyDeleteAnjali
You have fallen in love with the upside my friend. Tisk tisk.
ReplyDeleteHA! An S135 sighting.
ReplyDeleteAS and S135 - I posted in Kenny's blog yesterday the thought of us being in a 2.5.5.1. Have not totally given up yet on it. I was one of the last to leave, but I left the door open. According to EWI, Kenny and Daneric we're in P2 with the topping of 804 on SPX.
Things suck, but I guess when really bad things marginally improve or marginally stop getting worse the market will react positively. I'm still holding out the possibility of capitulation on this move here. If not it happens in P3. Thanks fot eh views. S135 - don't be a stranger.