Thursday, February 18, 2010

I'm Back and hmmm....

Well, while I enjoyed the time off the market decided to make quite the move to the upside invalidating my 1-2, 1-2 scenario and either making this a large a-b-c correction or an outsized wave 4 correction vs the wave 2 correction. With the triangle count still looking good, at least the move off of the lows looks corrective and should give us either a wave C or wave 3 in the coming days. I'm watching for a close below the 60 min 34 SMA move once again agressively short.
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