Tuesday, January 3, 2012

1/3/12 - Pre Market Update

Happy New Year! Not a bad way to start 2012.

Before the year ended, I posted this chart below in the CiL / Twitpic. I don't remember when but mentioned that this would be something to watch out for.

With this nearly +20 point gap in ES, this would make for the 3rd leg up of wave 3 of the ED or notice the even larger ED?

Just a reminder, this is not the primary but certainly an option within the larger primary count (see last chart below), which is looking for the completion to wave B green.

ED Option
For the bulls, the various count options I have still point towards a minimum flat formation to challenge 1370 before a possible test of the 10/4 low.

But if the bulls choose to continue running, today's opening gap is the gap of recognition wave 3 of 3 of Primary 3 up.
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