Wednesday, September 8, 2010

9/8/10


Didn't have much time today to post anything intraday. The market found resistance at the round 1100 level.

I have the count showing 4 complete and 5 beginning today. However, it is possible 4 may still be in progress and possibly forming a triangle as noted with the alternate labels. Overall the pattern looks like a pennant, which may be indicating a continuation of this move up is in store.

A little busy today so I'm not sure I'll get more charts out to you.
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