X*****s
发帖数: 2767 | 1 By David Banister Aug 14, 2012 11:05 am
A close over 1409 will confirm the "E wave" has begun in earnest.
Read more: http://www.minyanville.com/business-news/markets/articles/255Egspc-spy-elliott-wave-elliott-wave/8/14/2012/id/43198#ixzz23Zo4VoTj
In recent updates, I have been projecting a series of ABCDE waves to take
the bull market to post March 2009 highs in the 1425-1445 ranges. The
recent pullback was expected as what I was calling a “D wave” pullback,
with an E wave to come. These final fifth waves or E waves can be extension
waves or relatively benign, hence causing difficulty in forecasting the
upper ranges.
In the case of the S&P 500 Index (^GSPC), we have had a strong rally from
the 1267 lows in early June to 1409 highs so far (the C wave highs) and
recently a pullback into the 1390s (The D wave). This next leg up should
carry the market indices toward the 1440 2008 interim highs which begat the
last 5 wave down leg of the bear cycle that ended at 666 on the S&P 500. A
case of down the mountain and up the mountain, if you will, since the 2008
highs to current pricing conditions at 1404.
Once this E wave completes in the 1425-1445 ranges (with an outside shot at
an extension blast to 1495) we should expect a fairly significant correction
of the entire move from March of 2009. This final rally leg could top
anytime between Aug 13 and August 22 as I last updated, with potential to
spill over into early September.
A close over 1409 will confirm the “E wave” has begun in earnest; you may
want to prepare yourself as it could be the final blast before some rains
begin to pour in the fall. | T*********s
发帖数: 17839 | 2 击穿13100的话我就加空
今天手痒上了SDS
没敢put |
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