Market View
Near term :
May retest and break 2,707 to complete the wave count but upside is limited, cap at 2,760.
Intermediate term:
Bearish, heading toward a moderately deep correction of at least 38.2%.
Long term:
Bullish
Admittedly, the call for such a correction has already overdue. But I will continue to stay defensive rather than to be sorry!
Labels: Market Direction
posted by Market Wizards @ September 17, 2009
Comments: 0
