Why no crash is imminent …
Posted on Mar 23, 2013 by WHC Bassetti 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.
This is only a preview. You must be a subscriber to access the full text of this letter.

Comments