Monday, November 23, 2009

Wow...so much for starting the week cautious...



1100 came and went and is now back on the table acting as support this time. The continuation move we got this morning fits best as one complete wave. The move off of the highs was too deep to try and line it up with any kind of a 2nd wave. So there we have it. Either it was our last C wave with a non-confirmation double top (looking across the indices) or it was a wave 1, and we are now in a wave 2. The gap that was left open should not fill if we are going higher. So tomorrow should be interesting.
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