Tuesday, September 14, 2010

9/14/10

DAILY
Today we may have seen the completion of minuette (i) of minute [iii] .

15 MIN
Here's a closer look of minuette (i). If it is complete, I would anticipate minuette (ii) to retrace towards 1093 or so where we find a cluster of rising MAs and the 38% Fib retracement of this rally since 8/27.



I posted this chart earlier today. It is possible we only saw the top of subminuette iii. What may be a guide for this is the two charts below, the first being the larger view and the second one a close up.



Notice after breaking back above the quarter channel yesterday, a pullback today found support on that channel. Perhaps if today marked the end of subminuette iii, subminuette iv may crawl up and sideways along the channel. We'll see....
blog comments powered by Disqus