Tuesday, September 3, 2013

9/3/13 - AM Update

Updated the purple option.

60 Min - 11:29 AM

Wave y is underway as expected. The market also bounced out of the wedge as I was suspecting.

Note that the red option may just easily be labeled an "a-b-c" for the wave 2 flat.

The more bearish purple option is not out either so long as the wave ii (purple) high is not taken out.

60 Min - 7:31 AM

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