Sunday, November 11, 2007

Monday, 11-12-07


The SnP traded a sideways wave "iv" and started down for the wave "v" the last hour Friday. The 1431 area may be the low for this wave then a bounce until late Thursday.
Short term the markets are at high risk to a major top in place at the 1552 closing high. If we do get five waves down below 1400 over the next two weeks then the top is in.

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