Tuesday, June 19, 2012

Update to overall market position_6_19_2012

While I have recently become too busy to map out an entire count, my rough estimate is placing the markets near the end of their upward correction. As a result I am expecting very strong negative movement across all the major indices very soon. The last time I attempted to call the top of a correction such as this I was off in terms of amplitude. While that is possible again this time, I think the wave structure is now in its motive form and overthrowing "b" waves as was the case through the winter of this year should not surprise the 5-wave count. I will post more as I find the time.

-W

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