Monday, November 29, 2010

Is wave 4 complete?

The charts say maybe as we got a nice rally today off of our 1170 support area. It would be something like an a-b-c-x-a-b-c with the 2nd abc being a flat pattern. Definitely doable and a bit of a mixup. But until we take out the 1210 area, we may still be in for some more consolidation or a test of 1150. Let's see what the market has tomorrow.
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