Thursday, April 29, 2010

Primary count in major jeoprady

Well, once again the dip buyers come through putting in strength all day long. If this is a wave 2, we've pretty much reached the maximum here. No reversal tomorrow morning means that we had a wave 4/B/X flat correction (3-3-5) at Monday's low, and we are currently in wave 3 or 4 of 5 (depending on potential subdivisions). If wave 3 ended at today's high, then I would look for a wave 4 to complete anywhere between 1200/1202. A move much lower than that, and we should be in the primary count with a wave 3 down.
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