Thursday, September 27, 2012

9/27/12 - EOD Update

15 Min 
 So far the double zigzag looks complete with today's bounce helping to confirm that. However, the purple option is still on the table. If the bears can't hold the horizontal line a iv-i overlap will occur.

60 Min

The bigger picture is that wave 5 is in progress. Targets are presented with the Fib extensions. The market is still rising in the channel.

The question after that is does this represent wave 5 of C or 3?
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