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shortie - 20 jul 10, 09:12 | Reageer | Quote | Dit is niet OK | Aanbevolen:0
volgens McHugh komt er een scherpe daling aan...
We believe a significant decline has started with Friday's plunge. It is either starting three wave threes of differing degrees, our top Elliott Wave labeling the past few weeks, wave 3-down, of iii-down, of 3-down of the ZigZag scenario, or it is wave (E) down of B down of the Flat scenario alternate labeling we have been showing. In either case, we expect this decline to be sharp, with possible downside targets of 875ish in the S&P 500 and 8,500ish in the Industrials, based upon the downside targets given by the completed and confirmed Head & Shoulders top patterns from November 2009.
Monday's price action looks to be a simple a-b-c retrace, small degree wave 2 up, correcting the decline from Friday into Monday morning, which we label small degree wave 1 down. The small rally looks like it is almost complete. Next should be a sharp decline.