Aug 23, 2014
Ok as I wrote after the low - expect at least two weeks higher and the sentiment should turn bullish again. and that is what we saw... The alternate scenario played out with higher high.... that is why I told you to go long around the low. Now I think we should not expect huge rally this is final wave 5 before a bigger correction. Short term I think we are in wave 3 of this final wave and one push above 2000 is left. Cycles - at week 10 of 20 week cycle(average 14 weeks) and week 29 of the 40 week cycle(average 33 weeks) so it is time for the 4-6 weeks down part of the bigger cycles. It is time to be cautious, chasing 5 of 5 of 5 could be dangerous. At the moment move bellow 1965 and this wave higher is over.