The current correction in the market should unfold in one of 2 patterns
Either it will end with an additional small leg down early Monday or Tuesday and after we should start wave 3 of a diagonal in a 3 way pattern that should be around 1100 points followed by a decline that should bring us in the price territory of wave 1 of the diagonal (12875) then another last leg up before ending the rally which is expected to end around August, 2011
Or a running triangle correction as showed in the second scenario (see chart) which will be followed by a thrust that should take us near or beyond 14000
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