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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, January 19, 2012

fifth wave extension

look at muni, that's the next catalyst for U.S.! coming soon ...
what did Meredith Whitney say on Municipal Bonds?!

blue wave 5 is with the blue fifth wave extension, around Fibonacci 261.8% extension with the micro term green trend channel. the final move is with a red micro ending triangle diagonal with a bit of truncation. late in the day, back tested the lower wedge line twice as micro wave ii correction.
yesterday's 1290 bottom was on 261.8% extension (presented yesterday pre-market & early).
today's 1315 top is on 261.8% extension..
top vs. bottom with Fibonacci 261.8% extension.

here is the micro term.
much more on short term, medium and intermediate term on $spx, $rut, $ndx, $vix ... big pictures and top/bottom cycles, target prices. all real time updates during market hours.