Wednesday, September 29, 2010

One more high?

Today's price action just bumped along up and down. I redrew yesterday's support line with the maximum allowed room (low-to-low instead of close-to-close) and that shows us that we don't have a breakdown as of yet.

Price Action looks like it wants to try and get up over 1150 at least one more time. A failed move should give us the trigger we've been waiting for. A solid breakout gives the market that extended 5th wave I've mentioned.
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