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Strategies & Market Trends : Longer-Term Market Trends
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To: skinowski who wrote (1598)8/7/2008 6:42:05 PM
From: Perspective  Read Replies (2) of 3209
 
I was thinking the exact same thing myself. One more minor high would do the trick.

Technically, I don't think the B low, 2, and 4 are required to be collinear. IOW, we won't know the putative support line for the ED until a low has been set. We *do* know that the low would have to form before we fall more than 1%, so that the structure still contracts.

Regardless, I may sell the next push up. It may not be the absolute high, but we're getting very close. And there are certainly counts that say we've already seen the high.

`BC
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