Monday, August 12, 2013

8/12/13 - EOD Update

I was out of town but looks like I did not miss too much. The H/S top continues to form and the red count option still applies. An alternate version of the red count may see one more bounce for wave ii or b.

The third option I did not highlight in the chart below is the potential triangle that could be forming. I have this tri starting on 7/26 and wave c of the tri ending today. I will not consider it seriously unless we see a quick bounce tomorrow for wave d and/or if the market continues to chop up and down here.

60 Min 

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