Monday, August 17, 2009

Decline starts, as I suggested last week...




Here we go!

Pulling away from the trendlines, with conviction!

Top of $SPX was indeed called at node value .50677 with error of 1.354% on 8/7/09...

2 comments:

Anonymous said...

There are a fair number of bloggers who are expecting a run up to 1,100 or so after the short and shallow decline.


- Shankar

Hopper said...

Hi
It seems that EW is looking for an A-B-C up over the recent highs (A finished and B just started). Also some forecasters claim that C wave will fail...

To me, it looks like a second head shoulders formation...