The rally from 2009 low to the last peak was 1.618 the net distance traveled with wave 1 to 3 for the 5th wave the Orthodox TOP and odds are high that we are in a wave B rally we could see targets from 1646 to 1756 and even 1830 BB bands on a monthly scale have now been taken out as we did in the final wave up into 2000 peak .We will know the TOP OF WAVE B LIKE WE DID IN 2000 .As for fractal pattern The peak in 1929 was a wave B Similar patterns as then For now I am moving back to 100% cash .
Yorum:
I am moving to a 75% net short in the SOX index at 1617 mit