Wednesday, February 2, 2011

EW Count Update

Well, as my primary count obviously didn't prove out at the impulsive move on Friday was wiped out yesterday, I move to my next preferred count: wave 4 flat. Looking at the lowest level charts, I expect this final wave to finish in the 1310 area. We won't have full confirmation of the next move down until we break Friday's low, but a move below the 1290 at this point should tip us off.

Best of luck!
blog comments powered by Disqus