Friday, April 15, 2011

Neowave wave F should complete next week - Top not in

Watching SPX 1325 and 1334 for resistance. Once wave F ends (likely next week) I'm looking for short positions. I don't know if this diametric and symmetrical are the official Neely counts (I am not a subscriber), but this pattern is working well since I noticed it last week. I'm being careful with longs and urging caution since a fast sharp drop is very likely into May once wave G begins. Everyone have a good weekend.

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