Tuesday, November 22, 2011

11/22/11 - EOD Update

Today's action looks like some type of wave 4 again. I have made some slight adjustments to the primary and atlernate 1 count.

Though the 60 min MACD remains in a buy signal and is turning up, the count may call for one more little dip once this potential triangle for wave 4 completes.

Should a larger bounce play out, I'll be looking to label it a wave 4 flat vs a triangle. Let's see how it plays out tomorrow.

Alternate 1
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