Friday, October 28, 2011

Pre Market Update - ES Golden Section?

Let's see if this Golden Section technique/exercise predicts a turn correctly. For more on this technique, click here.
here's a look at copper. 3.818 is going to be key here in the next few days/week. off the 2/11 high, i am counting the move as corrective either as a wxy or abc. 3.818 will help determine which one is in play. if it's a wxy, the correction off the 2/11 high is complete. if it's an abc, the recent bounce off the 10/20 low may only be wave c of iv of an expanded flat to complete the final wave c of the abc. if the abc is in play, one more test of the low is due.
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