Friday, December 5, 2008

SPX and bonds

I still "favor" a view that SPX goes lower before it goes higher. But here (and note, this is not Tony Caldaro's count, it's just one of my ideas about the EW counts here) is an alternate count in the short term in case the market has other ideas:


Meantime, still keeping an eye on whether and when bonds work out a topping pattern:

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