8/7/12 - EOD Update

COMPLEX CORRECTIVE

I still think this is it, however, pay attention to the bullish LD below that must be considered again.

BULLISH LD

Several weeks ago I presented the LD as the bullish option and had ignored it as the market chopped higher and especially when the expected wave 2 made a shallow retrace.

However, this is an option that is still very legit for the bulls and must be watched again.