Sep 6, 2014
Choppy week, it looks like wave 4 and wave 5 should follow. We know now the line in the sand is 1990. It was easy to trade so far, but when this wave up is over I think we will see significant correction. I think at least 15%-20% and the other option is - this is the top of the cyclical bull. Even the most bullish case should not be underestimated - this wave(from the low in February) is roughly 300 points and if we see simple correction 50% or 150 points expect a low around 1850. So plan accordingly, if you see the price moving bellow 1990.