KO
koolblue
Rep: 48,651
Posts: 16,032
Wow, a classic blow off top into wave D? The move above 923.50 is definitely a precursor of higher prices to come but i wonder..... consider the cash chart.We certainly could coninue to explode up next week , but i would not be surprised to see one more push lower confounding all the bulls!(wave e?) , tho i believe it will be short lived and temporary. Obvious targets include 914.00-915.25, the previous wave 4 of lesser degree around 911 and the one min projection(one bar and 2 bar) of 907.50, and 905.50.
LO
lordalfa
Rep: 140
Posts: 264
My short from 911.50 died. Should have took profits earlier at 903 to 904. I should have noticed that failure to punch down almost a double bottom at 903.50.
Live and learn.
Live and learn.
KO
koolblue
Rep: 48,651
Posts: 16,032
Well thought out analysis, Vo! Speaking strickly from a Kools tools Perspective, in the end ,the only thing i have to rely on, this will be the week that 'breaks ' the bears backs(tho only temporarily). I believe we will see 942.50 and even 962, but i have no doubt a rather steep correction is very close! Ialso still believe 1025 will be seen sometime this summer before the bottom really falls out!

















