I want to leave you all with this.Its lighthearted but it has a...

I want to leave you all with this.

Its lighthearted but it has a hidden message if you care to read between the lines.

At the top of a 5 wave move, Elliott Wave suggests its time to get out of a move and take the $$$ as the likelihood is that a correction is setting up.

It dont matter what time frame, 5 min, 15 min, 4hr daily weekly, patterns repeat themselves due to the thoughts of investors.

They buy at the tops and sell at the bottoms.

Most investors are bullish at the top of a trend, its natural,its embedded into everyone's psyche.

Sentiment is ALWAYS bullish at the top before the turn.

I know for a fact back at the 2010 and 2011 peaks US traders were mega bullish on the US markets.

I was bearish just as i am now.

I strongly suspect users of Hotcopper were mega bullish as well.

Yet history shows us its the worst time to be bullish.

I suspect this is a 5th wave of a pattern that started back in Oct 2011, a 5 wave impulse move.

If i am right then this could be setting up for a similar move we saw back in April 2010.

Have a great weekend

Nouf