Have we made a truncated top?, I still don' know .no,no.no
I am not really sure about that wave count until the opposite is proven by the price paintings.
I still wait for my fifth wave (5) to extend little higher to complete the pattern (W,X,Y) i have labeled. Also according to Fobonacci time instrument, the reversal moment is very close, nearly 21-22 Dec.2009.
Interesting point of view comes from a colleague ewaver. Filipe Miguel has put all these, nearly 1 month SPX's squiggles in a frame,called "Diamond".The "diamond" is trend reversal formation, which means that the price will drop down early next week, which is very possible too. He made very sharp forecast about EUR/USD last week.
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