Thursday, April 29, 2010

US markets have just closed 2 hours ago with an up of about 1.2%


The wave count for S&P with the 1.3% up candlestick is as shown above. Indication is that wave 2 of the major wave (V) has been completed. If so, next week onwards all the three indices are likely to set new highs above the expanding A-B-C to form the wave 3 of the major wave (V).

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