Last week index ended 3rd wave and moved to 4th wave (possibly it's fully formed). After finishing little rally in 4th wave, I'm expecting some drops in 5th wave:
5th wave will end wave C of ABC correction and index should continue to gain walue.
Saturday, June 25, 2011
2011-06-25 - s&p500 - end of drops?
5th wave will end wave C of ABC correction and index should continue to gain walue.
Sunday, June 19, 2011
2011-06-18 - s&p500 - gaining value in short term?
After five waves impuls s&p 500 index is in ABC corection. It started in February and lasts till today. We had waves A nad B fully formatted and now index is in wave C:
Friday, June 17, 2011
2011-06-17 - eurusd - contiunation of drops?
In last entry I've mentioned ending od wave (B) in correction on eurusd. Indeed, wave (B) is over, however it lasted longer. At the moment pair is in wave (C) and it's losing value. We can see it at daily chart:
Let's look at wave (C) at H4 chart:
Let's look at wave (C) at H4 chart:
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