Tuesday, November 8, 2011

Pre Market Update

I made some tiny adjustments to the counts. As I mentioned yesterday in the chat room, a break through the 30 min MACD TL will indicate that chances are < that 1292 will be tested.

One thing Ialso forgot to mention was the 200 day SMA overhead, which is currently at 1273. Alternate 2 may provide the key for the count should the 200 day resist.

Take out the 200 day SMA and alternate 1 will become the primary.

Let's see how far this may go at the open.

blog comments powered by Disqus