Thursday, May 13, 2010

So far it looks like 3 kicked off...

Of course we still need price confirmation (initial move below 1146) and of course further impulsive price action taking out the crash lows and then a lot more, but we have all the fixings for a minute wave 2 top and the start of minute wave 3. We should see a nice gap down tomorrow as further confirmation. I'm expecting this one to really subdivide, so we may get some bounces with a minuette wave 1/2 combo before the fun really starts.

A move above 1171 means that wave 2 is subdividing and we should see a test of at least 1180/1185.
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