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Pastimes : The Philosophical Porch

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From: westpacific	3/18/2010 3:55:53 AM
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Many EWs are throwing in the towel, never was a big fan of EW... The fact is; we still have not tested the 61.8 percent Fib; we are still below very key DMAs, we are about to test the top of the channel on the very bearish Megaphone Topping Formations and the Dome Roof on the SPX hits at around 1179. Should be an interesting few weeks ahead... April into August is when some very key metrics kick in cycle wise and three very smart technical folks still think a crash comes within this window. Watching a technical that topped out ahead of the 2008 slide starting, it has the same setup developing again and should decide within a few weeks if it repeats this pattern. W

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