Wednesday, August 7, 2013

8/7/13 - AM Update

Lets see if they make five waves up.

5 Min - 11:51 AM

Some short term options.

5 Min - 9:49 AM

Things are lining up nicely for the bears. They have finally managed to form five waves down on the 5 min along with a triple -ve daily MACD divergence.

The 60 min chart shows the potential for a head and shoulders in the works. The right should would line up with a wave 2 bounce so lets keep an eye on this.

5 MIN - 7:13 AM

60 Min - 7:13 AM

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