Don't know why but now and then I watch Roffey to see if he would at least acknowledge we have seen one of the biggest bullmarkets to date..but still he utter the words..."this is not a bullmarket"...seriously!!??
Looks like primary wave 3 is extending in the US giving a projection of about 1850/60 year end and fits in nicely with a new high on TOP40 and the top of our primary wave 3 as well. Then primary wave 4 down should commence in Jan with new risk budgets kicking off, sentiment is starting to be a problem and usually indicates on a deep correction approaching, fits in perfectly with seasonal weakness too!
This choppy action up is actually bullish and will get wings soon..40300 (futures) strong resistance and why she is hitting her head..patience the name of the game!
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Is worth following Garth Mckenzie on Summit or subscribe to his advice, good trader for TOP40 tips!
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