Tuesday, May 4, 2010

EUR Alternate

This is the alternate count, of wave (4) being a contracting triangle with a very short wave e of (4). However, this is slightly more aggressive given the fact that the market needs to plunge much more to keep the 1-2, 1-2 count intact. Whatever happens, be on your guard!


Bull Bull said...

There is much to study the corrections in periods of bull market corrections and we've had well over 10%, the maximum was 12.50% which occurred between 2003 to 2007 more precisely at the end of the bull, because the current had two corrections above 10% but never exceeded 11%.
Data: cfd SP500

'm www.mercadosbull.blogspot.com

Anonymous said...

Excellent chart!