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Dr. Copper says S&P 500 poised for pullback

Posted on 21 October 2011

Back on Oct. 3 I wrote a public article forecasting a major market bottom at around 1088 on the S&P 500 index. I surmised we were about to complete a five-wave move to the downside that commenced with the Bin Laden highs of 1370 in early May of this year.
The following day we bottomed at 1074 intra-day and closed over my 1088 pivot and continued higher as we all know. That brings us to the recent highs of 1233 intra-day this week, a strong 159 point rally off the 1074 lows in just a few weeks………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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