Thursday, April 25, 2013

4/25/13 - EOD Update

Just a slight adjustment today from yesterday. The bears finally printed a clean, albeit small, five waves down. Either the next leg starts tomorrow at the shoot or a small bounce first at the open before resuming lower.


3 Min 
60 Min Bull
The bulls are looking for a wave ii of 5 pullback unless 5 just shoots straight for 1590 and either double tops or truncates.

30 Min Bear
This is the last chance for the bear count. If you have been a patient bear, today may have afforded you the best chance to short this puppy with a clearly defined stop (1597) with minimal risk.

We'll see.
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