Thursday, May 6, 2010

5/6/10 - AM Thoughts [11:00 AM PST Update]

[11:00 AM PST Update]

Tomorrow will be a big day
[6:45 AM Update]

It looks like the 7/8/09 - 2/5/10 trendline may come into play if the market wants to sell off further. If it found support there, wave (c) will reach a 2.618 multiple to (a).  Perhaps it will make it's way down via the channel.

As always we'll see.


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