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Wednesday, December 23, 2009


Russell, Russell, Russell.

Russell broke this bears heart yesterday: Don't Pull Your Love Out on Me Russell, when it made a higher high invalidating the Russell P2 count. And with the move up today, the Triple Top Scenario is virtually gone.

So assuming my short term count is correct, I spot a few interesting Fib Relationships:

Minute C = 1.62 * Minute A => 648
Minor Y = 1.62 * Minor W => 650
P2 = 0.62 * P1 => 660
Upper trend line (bottom chart) at the end of the year = 660

So I think Russell will be making a run up to 650-660 for the end of the year.

.... Don't worry Russell, I will be waiting for you there :) (smooch)

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