Tuesday, May 14, 2013

5/14/13- AM Update

60 Min - 7:25 AM
The triangle proved to be the correct pattern and the trend has continued.

Now the market has a pretty clear five wave move off wave 4 (4/18/13). Wave 5 = 1 and is peeking over the upper channel.

Lets see what comes from this. A potential short position could be in order.
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