October 5, 2015

Market outlook - important

- read this post carefully
- markets up 2%, advance decline positive
- markets close above SEP high but within gap area (8100-8300)
- because of close above SEP swing high, I consider trend as up.
- in above case, swing reversal level is 7690 spot.
- diametric view calls for max value of "f" to be below 8207
- if true, "g" wave should start from 8207

So there you are - two conflicting views. Close above SEP swing high means trend is up whereas diametric view limits rally to 8207 followed by correction.

Let's see how things pan out.

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