REVISED WAVE COUNT - WXY(Z) Zigzag
Change of plans... I'm going with my original forecast from way back when (see my first published charts) - I think we're in Supercycle Wave (B)... which means still higher prices so that part hasn't changed; and still a major crash afterwards (no change either). We might form a TRIPLE zigzag though, but consider serious hedging at SPX = 2500!
The NASDAQ Composite, or QQQ isn't confirming a new supercycle impulse (from the March 2009 low) - an old Dow Theory tenet (averages must agree / confirm on another). The Dow itself looks to have formed a zigzag as well. Anyway, if I'm wrong... then I'm VERY VERY WRONG, and we're right on the cusp of the coming CRASH!!! Though I'm still taking a chill pill, and waiting to buy the pullback =c)
The NASDAQ Composite, or QQQ isn't confirming a new supercycle impulse (from the March 2009 low) - an old Dow Theory tenet (averages must agree / confirm on another). The Dow itself looks to have formed a zigzag as well. Anyway, if I'm wrong... then I'm VERY VERY WRONG, and we're right on the cusp of the coming CRASH!!! Though I'm still taking a chill pill, and waiting to buy the pullback =c)