Riding the waves – time for the real correction to step forward
Posted on 24 November 2009
Regular readers will know that Cuticles of Iron (not sure my therapist would be happy with my alter ego having an alter ago but there you go) has been counting the waves looking for a wave (iii) of 3 to begin. Today could well mark that day. (For a quick history check here and here). So to the relevant chart:
If the tea-leaves are speaking true then we should at least push through the uptrend since March with a test of 4400 on the cards. A break of todays high would seriously undermine this theory.
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