Thursday, December 31, 2009

12/31 - TRANNIE TOP?

Is it possible this count is legitimate? The final wave (c) of Z is almost a near perfect Fib 1.618 x (a) of Z. The count looks pretty clean.

However, I think price needs to break 4059.91 to confirm that the move down is not just another wave 4. If it does break this level, I think there is a more compelling argument that a top is in.

The alternate count is labeled so we'll just have to see.


Post a Comment