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#14 (permalink)

08-27-2008, 12:08 PM

italm31

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Join Date: Jul 2007

Posts: 1,592

italm31 is an unknown quantity at this point

Hey guys,
Yesterday, I was looking for a top in the Swissie. Since then, I do see 5 down from the top but the decent does not have the look o an impulse so Im little weiry of declaring it a top. Im sticking to my guns here but if we go any higher, I will let my position go and stand until we have clearer direction.

One thing worth mentioning here is correction I have pegged as a double zigzag looks to short in time to be a wave 2. I like to see wave 2s to be at least 62% the time it takes for wave 1s to complete. This one is barely a quarter of the time. Also the pace of wave 2 is way more swift giving it a much more impulsive look. Another indication this probably is not the top.

Last edited by italm31; 09-02-2008 at 11:13 PM..

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