Wednesday, October 6, 2010

10/6/10 : 11:18 AM Update

11:18 AM Update

11:18 AM - 60 Min

60 min MACD is rolling over. Coming up on that quarter channel. Let's see. This pullback does look corrective.

7:20 AM Update

7:20 AM - 60 Min

Can't quite get a handle on the count up at top on the 3-5 min. It does look a little toppy though as it brushes up against various resistance lines.

I added a quarter channel as a guideline and one possible resting point should we see a pullback.

6:47 AM Update

Did wave 5 truncate? Let's see what a backtest of the broken lower trendline does.
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