I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Monday, May 10, 2010

Current Count

I don't love this count ... but I don't hate it earlier.

I do find the super-spike to be a 3 with a highly truncated 5th to be a compelling explanation. I put some fibs together and I like here for a consolidation target with a stab up to 1170 on negative divergence to the next fib confluence as the end of 2.

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