Why no crash is imminent …

Posted on Mar 23, 2013 by in Letters

http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=2&mn=0&dy=0&id=p69143808658&a=252013707

We have previously remarked on reasons no crash was imminent -- that the present wave structure is not characteristic of radical counterwaves.  Above is another technical reason that no major correction appears to be in the wind.  That is, the relationship of the wave to the important trendlines.

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