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发表于 2009-3-16 05:15 PM
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本帖最后由 baysky 于 2009-3-16 18:17 编辑
Well, there's argument that last move up were actually first leg of P2 instead of 4 of P1.
Kenny is one of the strong supporter for P2. Today, Nasdaq violated territory of 1 of P1. The rule is wave 4 can't violate wave 1 territory, otherwise the wave count is wrong.
http://kennystechnicalanalysisbl ... -bottom-of-1-5.html
Whether SPX is in P2 is still not certain yet as there's no rule violation from this last leg, We will know this for sure when this pull back finish. If we get a new low (than 666), then 5(p1), otherwise we are in P2.
Either way, market is due for a major pullback. Cobra's charts have all the evidences.
It seemed many sectors had bottomed but even bottom need some pullback and correction.
Cobra already said very clearly, he's neither bear nor bull, just follow the indicators that market throw at us. I think it's wise to follow him. |
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