Tuesday, October 8, 2013

10/8/13 - EOD Update

Looks like the bears put in some work today. They managed to break through the green TL (daily chart) and down the rising wedge. Triple -ve divergence may have the bears aiming for the blue TL (daily chart).

Following the purple option has worked out just fine so far. We'll see if wave {a} of (y) wrapped up into the close or it may target the triangle thrust target before we see a wave {b} bounce.

15 Min 


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