Wednesday, October 6, 2010

Completed pattern?

Well, my call for an 'x' wave was right on as the market rocketed off of that low with a gap yesterday. However, the bulls aren't out of the woods yet. From a time perspective they are still within the minor wave 1 * 1.382 time sequence (currently at +1 days) and the a = c zig zag potential minor wave 2. This isn't a time to get overly bearish, but a solid move below 1150 would definitely get me interested.
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