Unbiased Forex and Equity Swing Trades
Geno,Nice call on the 1975-1995 range for the top. So far, so good. How far down do you anticipate this move down?
Everything (stocks, indices, etc.) is looking kind of wave 4ish, so I'm not leaving out the chance at new highs before the larger degree sell-off. On the daily chart, all indicators are currently bearish with nice negative divergences at the recent highs.If we did see the top of wave iii, I'm looking for a move back down to 1665-1625 before we head up in v of 3 targeting 2100+.
Thx for chart update. Does this mean we're expecting market to top in this fall till 2400 levels and crash from there?
kkandru - I've been trying to pick the top of wave iii looking for a couple hundred point correction in wave 4. So far I've been unsuccessful! I believe we will put in a major top around August, 2015 and decline from there for 3-5 years. The ultimate low of the move should come in 2018 or 2020. From that low we will see a raging bull market lasting 12 years. Hope that clears up my thoughts.