Variation on An Approaching Top ~ The Risk Averse Alert

Wednesday, March 24, 2010

Variation on An Approaching Top

A variation on the Elliott wave count presented yesterday...


This possibility simply affords more time for the current leg of the market's counter-trend rally off March '09 bottom to complete. With RSI just beginning to diverge and MACD only slowly starting to turn over, this likelihood seems to increase ... particularly given the trend since March '09 bottom, that is.

Fast Money
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