Tuesday, March 19, 2013

3/19/13 - EOD Update

Bears may have dropped the ball today. Earlier today, I tweeted the 5 min chart highlighting the line the bears needed to defend.

5 Min 
As you can see, there is overlap after overlap so there is a strong possibility that the double zigzag wxy is the correct wave count.

60 Min 
Wave {iv} is still a top contender. Bears needs to flush it now to account for all the overlap if they want to push the market lower in an impulsive fashion.
blog comments powered by Disqus