monday trading, page-7

jaolsa,I assume you mean that the recent highs wont be taken out for some time ? ie. that it will play out as Caldero suggests.

I'll be contrarian here and say we saw the lows in March. We have played out a nice 5 wave pattern since then,to the recent June highs and its time for a pullback, how far is hard to tell becasue we have tested a few support levels on the way up, but the MACD divergence on the weekly needs to be worked off, so that would either mean we have a few steep falls or this could drag out a few weeks.