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Pastimes : The Philosophical Porch

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To: Rarebird who wrote (5127)	12/8/2009 3:22:53 AM
From: westpacific	Read Replies (1) of 26251

Having a hard time with the ending diagonal; its projections for these serious of abc wave completions does not jive with the Dome Roof Regression channels; they are already way broken on many key sectors; finance for instance... The abc diagonal finish is well above the Roof...does not jibe. Today's close should have been a b now we should see a big pop into a c around or above 1119...if the diagonal is correct; next two days say a lot. If you are long; great time to sellout on any pops; if you see SPX 1119 take it as it just may decide to top out there again; the Dome Roof may limit it... Remember Dome Roof tops do not just roll over; they collapse! Still feel this is the more likely outcome is a collapse into month end. Goodness of time will decide. West

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