Friday, August 23, 2013

8/23/13 - EOD Update

the bounce so far off the 8/21 low looks like a nice {a}-{b}-{c} bounce for wave iv with wave {c} possibly forming an ending diagonal.

The entire {a}-{b}-{c} structure so far looks like a rising wedge itself.

We'll give the bulls the benefit of the doubt here too with the green count option. The 20 day SMA would be a likely target for the bounce.
60 Min 

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