Now, that was nice fourth of fifth up wave from 662 Fib bottom (3/5). It seems it mostly effected to the financial & bank stocks pretty much doubling City and Band of America.
SPX 770-800 is the area where I would expect the final fifth of fifth to start to lead this market to the new bottom as mentioned SPX600 area. We are pretty much end of this bearmarket at least for now (next 6 months), nor later that 23.3 – 2009 – 23.4-2009 there should be massive long times ahead for us. Swiss frang is shorting allready as another approvement.
It´s great to be invested – personally I started to get tired for trading allready. Only advice I can give is that buy next plunge. If you´re more trader approach behaviour, be very carefull to short very last 5/5 – there´s huge truncated risk.
