Wednesday, February 25, 2009

Wednesday intraday update

Sixty-minute S&P chart



Looks like Wave 4 has ended, but a rally back to today's open and/or highs would suggest that this decline is only a B wave and any subsequent rally is a C wave. Either case suggests new lows for this entire leg down are expected.

A

4 comments:

Anonymous said...

What level do you see us hitting on the upside before we start the big decline? Are you sticking with the early March call for the big fallout?

Iluha said...

you should use twitter or some chat service to expand your blog?

Anonymous said...

market coming back !!!
is it time to short yet ???
what is the best way to short the market ???

Anonymous said...

Allan,
With all your new market timing tools has what you are trading and how often you are trading changed at all? Thanks.