David, upon looking at some oscillator formations I think we may be
in a similar oscillator formation to late June, 1976.
Also, wavewise, there was a 1 down, 2 up, 3 down, 4 up, a fifth that did not get lower than the 3 low, a whatsis up, which is basically what we have had recently, then a plunge. The trading day count
matches also.
Since our most recent low was not lower than 1279 spx, the 3 low, does that not mean we are due for the washout?
Explain this to me buddy. Better yet, draw pictures on a chart and post them.
Thanks,
Vitas
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