DJIA topped 12/31/2013 and is completing very minor wave 2
of the new Bear imminently.
SPX is in a very slightly ascending ending diagonal triangle
with its ending imminently.
QQQs are in a steeply ascending diagonal triangle with its
ending imminently.
Unless you are referring to DJIA, the top does not appear to
be in IMO. If it works out as the 2000
topping model I discussed in a previous post, we get a top in the next 3
trading day in SPX and QQQs but DJIA, "no top for you." If so the ensuing 12 calendar day will be hell to
pay...but only a down payment.
Of course I’m biased.
I first posted this speculation more than a month ago.
[Pardon the incorrect EW labeling.]
Jim
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