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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Vitas who wrote (56535)1/14/2014 9:17:01 AM
From: robert b furman  Read Replies (1) | Respond to of 219202
 
follow the yellow line after a big run up from 09.

looks like a sideways 5 wave = abcde triangle possible 1 up and 2 sideways going on now??

That's a very bullish count.

Bob



To: Vitas who wrote (56535)1/14/2014 9:05:17 PM
From: Vitas  Respond to of 219202
 
Thanks, Bob!

Here's a closer view of the Dow chart. The red 280 day cop is just crawling over the blue line over its high in 2007. The reason to think that there may be follow through is that SPX in the chart below blew through that line in May and keeps chugging up. If the Dow (NYA is similar) continues any higher then we may be in a new up leg with no particular end in sight.