Thursday, August 16, 2012

8/16/12 - EOD Update

I was keeping an eye on that triangle which played out today. It looks like like a pretty clean five wave thrust out and reversed at the top of the TL.

We shall see if this completes the move or if we should expect to see a protracted move.

3 Min 

60 Min 

The bulls wiped out the shorter term -ve divergence but the larger one still looms at 24.
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