Monday, November 7, 2011

EOD Update

EOD Update

Based on the action today and 30 and 60 min MACD, there is a pretty good chance a test of 1292 is in store at minimum, which sets up a flat for the primary. Should alternate 1 play out, then something more bullish.

Primary

Alternate 1

Alternate 2
I removed the nested 1-2 i-ii label and this count is losing street creds fast. If the bears want this to play out, they need to sell it tomorrow.

Alternate 3
This one may get the bears excited only to disappoint.

Alternate 4
This one is a stretch but that is why it is low on the rung. Just something about that expanding diagonal look to it that makes me interested in it though.
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