Wednesday, July 18, 2012

7/18/12 - EOD Update

Diagonal
c almost = a.
10 Min 
Looks like the bulls may have one more push for 1380 in a wave v of 3. Note how that corresponds to a wave v of 3 of C as well for the purple option.

If the bears have anything to say about this, the counter trend bounce may have ended at today's high per the red option.

Bear




Bull
This would be the bulls' best count at the moment. Once the diagonal completes, we should expect a pretty large retrace out of this.



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