Thursday, July 7, 2011

7/7/11 - EOD Update

Near the close it looks like a little selling right at the intersection of the mid-channel and green trendline (3/3 -4/8 high). Based on the count above, it may be concluded that wave 3 of Minor 5 is most likely complete. We shall see if there is a sell the news event for NFP tomorrow for wave 4 down of Minor 5.

Minor 5 is the call at the moment. 5=1 at 1376. The triangle is severely in jeopardy.

Here's an old Fib fan chart that is interesting to show.
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