Friday, September 30, 2011

7:05 AM Update

7:05 AM Update

I posted this count in the chat room.  So Far it's looking pretty good.

3 Min


***  I should  add that the bounce yesterday near the close can be counted as five waves up. So watch for a 50-62% retracement near 1149-1147 first. 


6:20 AM Pre Market Update

With the opening gap drop this AM, we must turn out attention to the diagonal I presented yesterday as the alternate.

I will keeping an eye on the lower TLs. Typically in diagonals, when a wave 4 throw over occurs, it is typically followed by wave 5 throw unders. It's not a requirement but something to watch out for.

GLTA today.
10 min
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