Friday, July 20, 2012

7/20/12 - EOD Update

10 Min
 The rally off the 6/4 low is certainly coming to an end if it has not already done so.

The primary green count above, calls for one final push higher to complete five waves up. However, the move off the 7/20 may be considered a five wave impulse down.

This would fit with all three options below. We shall see next week. Perhaps the market provides another opportunity to get out of longs if one has not already done so.

Bear

Bull

Diagonal

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