October 25, 2009

Take EWI as standard

When this rally since March just started, I hold a even bearish view than EWI and believe even the wave 1 of C has not finished yet.  Now I tend to agree that EWI is correct.  for midterm and long term, my view of the market is in line with the EWI, so i will not redraw something on my own here.  just paste a most recent figure from EWI and all I want to say is within this figure…

 

image

btw, since this is the first time I copy a figure from EWI on my blog, i hope i will not get sued for this… :)

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