Sp500 stopped falling down. Let's look at the chart (daily) to see actual situation:
Last drops I labeled as 3rd wave, rises of index value is 4th wave. After finishing 4th wave we sholud look forward to see 5th wave with the new bottom.
Saturday, August 13, 2011
Monday, August 1, 2011
2011-08-01 - eurusd - deeper 4th wave
Corrective wave 4 isn't done and dolar gained value as a result of the deal between Democrats and Republicans:
At the moment it's dificult to judge if the wave c is over, however we it could be possible. After finishing 4th wave, I'm expecting to see 5th wave ending at the level of 1.4624.
Subscribe to:
Posts (Atom)