P2 or just a subwave of P2?
Still in the air, I favour a new highs around the 1050's maybe a tad higher...
From the graph we do see 5 waves up, the question is, are those subdivision of only wave 1? Or are they all Wave C of Z could deliver to us?
Either way the top is very close indeed
Hi Sal
ReplyDeletePersonally I believe we are very close to the top of this rally (we might have already seen it).
The question now is: Will the move down start slowly or with a bang? I think it will be the latter. The market just like to fool the most possible.
Then the next question is: When will we retest the 666? And will there be a rally again from that level as probably many will buy around the 666?
I think we definitely could restest 666 before year's end...and then have a rally towards 750....and then we will fall to the 400-500s by next spring.
Any thoughts?
Alexander
PS I am busily reading all the Prechter reports. Do you mind if I ask you some older versions I can't access on the website anymore?
I guess you said everything.... i think once it tops it will start downward slowly... much like May-August of last year...
ReplyDeleteIt will make many people to buy thinking it's a correction...
i think it will accelerate in a very nasty way more down the line... and 666 though may offer some buying pressure it will be undercut like a hot knife in butter in my opinion
When do you think we will retest the March lows? By Oct-nov?
ReplyDeleteWhat's your most likely scenario for the next 6 months?
And may I aks you some older EWTs?
thx
When do you think we will retest the March lows? By Oct-nov?
ReplyDeleteWhat's your most likely scenario for the next 6 months?
And may I aks you some older EWTs?
thx
hmmm that's kind of hard to know... probably in 6-8 months we may be testing the lows in my opinion...
ReplyDeletei will send you to ur email