Tuesday, June 2, 2009

Looking for the top...

Well, we actually got our higher high today. Thus I labeled it as a wave iii or (iii). Tomorrow the market should decline to about 930 before going higher to complete either the first wave of wave [v] or the whole wave [v].

The area at 912-914 must hold for these two counts. If we break below it, the rally is likely over.

btw: The Dow still has NOT broken its 200DMA


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