Sep 25, 2014

Update

It looks like the market made a decision for the short term... and I like it:) it is the preferred one. Probably I should trust more my assessments:) I hope you hold a short position, as I wrote it should make some money... later we will know how much.
Now the next area to watch is support around 1958 plus minus several points.

4 comments:

  1. So you are preferrd bull run around 1960? not bounce back down to 1840?

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    1. I was talking about the short term, that one more leg down will look better.
      For the intermediate term preferred scenario is another move higher from 1960 to ATH , but I will watch how the move lower develops and after that I will decide.

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  2. The leader indicator RUT 2000 looks weak, but wait to see 1958

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    Replies
    1. Here is something about RUT2000 - http://wavepatterntraders.blogspot.co.at/2014/09/elliott-wave-analysis-of-russell-2000.html
      Triangle is still possible. See my new post too.
      We should see a bottom soon or the picture will start looking bearish... ugly weekly candle, close bellow MA50 and so on.

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