0202-another technical view

熟悉波浪理論的人應該知道 i 代表的意思, 5浪中的第一浪而以.
The final subdivisions of the decline that started at the Dow's January 19 top at 10,729.90 are somewhat sloppy. Either Friday's 10,043.80 low marks the bottom of wave i (circle), or it represents wave (b) of ii (circle). Both interpretations mean essentially the same thing: A countertrend push is underway that should carry prices higher before ending. The first potential stopping area is 10,285.10-10,306.00, the bottom of which is wave (iv). The equivalent S&P area is 1101-1104. The next area is 10,386.80-10,389.90, the top of which is a small open gap from the close on January 21. Here, the S&P's equivalent range is 1111-1117. There are other resistance areas, but we'll assess the rise as prices reach the ones just cited to determine if wave ii (circle) up is complete, or if it has higher possibilities.