Friday, February 12, 2010

Friday Update

Yoswers is all I have to say after today's price action got me coming and going. Whenever that happens you know you're in some kind of triangle and it looks like we are in an ED to finish off a flat pattern and finally to be done with this minuette wave 2. The market has pushed and pushed and hasn't gotten much out of the effort but passing time. Since Monday's a holiday, who knows if the 5th wave will finish during market hours. Be sure that the next move below 1070 should be it for the market and the beginning of weeks of selling.

Any close above 1081 and the pattern is something else altogether but still bearish.

Have a great weekend!
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