Wednesday, April 6, 2011

4/6/11 - Pre Market

[5:50 AM Update]

I will add that an alternate view is that the leg down from yesterday's high was only wave a of e so this AM's opening bounce may only target 1335 for wave b and then a third leg down for c of e back towards the trendline.

Pre Market [5:28 AM PST]

It's always nice to wake up to see one's potential count confirmed. There's a very good chance wave e of the ascending triangle is complete as depicted in yesterday's EOD post. 1338 is the key level to breach to confirm.

Copper is also on the move. A very solid candle stick there on the daily. Let's see what it does at the upper trendline if it gets there.

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