Thursday, May 5, 2011

Top Watch - May 5, 2011

A close look at the major indices reveals a top may indeed be forming.
DOW has the impulsive 5-wave structure for Minor 5.
While SPX, COMPX & RUT may be developing an ending diagonal.

Gold is near completing it's Intermediate (1).

Don't know if this is indeed the case, but it sure needs to be closely watched.


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