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Monday, May 17, 2010

Wave 3 impending?

As for the S&P 500 here's an update:

 We are at an important juncture... I think the wave patterns are pretty clear in this graph. You can see a lot of textbook 5 wave declines, even at lower degrees that are not labeled on the graph, but if you pay attention, especially wave degrees lower than the pink waves, you can see also 5 waves mostly between waves pink ii and iii.

Fractals working at their best. So, we are now at a possible juncture to a new degree third wave, in which case if it happens we should go much lower...
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