Odds favor a slingshot drop to 12,000.
Huge intermediate-term correction is due -- but when?
Two possible answers:
(1) Feb 9th top is wave 3 of the final 5-wave sequence from June 2006.
(2) Feb 9th top is wave 5, which means the move is already complete.
If (1) is correct, then expect a wave c of 4 drop to around 12,000 with a final wave 5 rally thereafter to past the previous top, possibly to 15,450 for the final top.
If (2) is correct, then "the huge correction" is already underway and NOW is the last chance to get out.
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Huge intermediate-term correction is due -- but when?
Two possible answers:
(1) Feb 9th top is wave 3 of the final 5-wave sequence from June 2006.
(2) Feb 9th top is wave 5, which means the move is already complete.
If (1) is correct, then expect a wave c of 4 drop to around 12,000 with a final wave 5 rally thereafter to past the previous top, possibly to 15,450 for the final top.
If (2) is correct, then "the huge correction" is already underway and NOW is the last chance to get out.
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