Thursday, September 13, 2012

9/13/12 - EOD Update

The triangle played out as expected yesterday. Not only did the market target 1440-1450, it decided climb an additional 10 points from the triangle thrust target.

Now the question is what does all this represent? I'm still struggling to find this as an impulsive structure so we shall see if the count below finally completes.

Did Intermediate (B) finally complete? Should one fight the Fed? Hmm...

Lets keep an eye on this potentially long term Ending Diagonal
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