Thursday, August 30, 2012

8/30/12 - EOD Update

60 Min

As I mentioned yesterday, green and purple were aligned short term. Blue has been eliminated with the lower low below the 8/24 low.

The hourly MACD is respecting its trendline.  The rising wedge off the 6/6/12 low must be watched here.

Benny needs to appease the markets tomorrow or a much steeper sell off is in store per the green count.

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