Thursday, July 16, 2009

Is Minute Wave iii Complete?



By my count, I have minute wave iii complete. I am expecting as my preferred count minute wave iv to retrace this entire move up from the 869 low.

The question now is how far will it retrace?? I would suspect a nice short position could be taken with a stop of 945. Especially if Dr Doom is now bullish.

Let us see what the market has to offer tomorrow.

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