DOW managed to visit fresh all time high and is around the resistance area of 2000 and 2007 peak.
SPX did not made it to the new high.
In Elliot Wave analysis, an overlap to a high or to a low is important to know the next trend.
We indicated last week that it had an overlap to the downside that gave us hint an 80% downtrend coming, but it reversed into upside and broke all resistance, and now hitting and having an overlap to all time high. I guess market is very unpredictable nowadays.
Even our other Elliotisticians are having a hard time and change count each and every day.
SPX already gained 27% for 2013. It's the highest gain of a year for 20th century! Yes that's right. I am not an anti bull market, but events like these cause massive volatility in the future.
Will be posting in the next few days if we have a clearer picture if we are extending again before the much awaited Primary Wave 4. tsk tsk...
"If we never save money or invest, we will always be poor, no matter how much we earn" capitalstars
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