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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Thursday, November 4, 2010

stubbon P2

as i knew one month ago, structurely, Apr 26 was not the P2 top.
this final wave of P2 top is independent in structure, can or can not exceed the Apr 26 top.
so far DJI, compq, ndx already exceed Apr top, spx, rut, financials...are not bettered.
this final wave often has an exhaustion thrust over-throw nature.
at today's new high, it has this climax nature, and is touching the upper trendline.
yesterday's short term final top catching waves are wrong, but the structure of this as the final MT and LT wave can not change.
i stay extreme bearish, and keep the call of grand crash as explained in the email update.
i see lots bears capitulated. Not me, i stay in the faith of what i see of the big picture and will not give up. be a P2 terminator, not a surrender.