Thursday, December 12, 2013

12/12/13 - EOD Update

The bears finally have a decent five* wave impulse structure down at. However, I have noted that I have issues with wave i red. I can't find an old post, but I brought up the same issue in the past and it turned out to be the right call.

What may fit better is the purple flat option. The 60 min and daily chart below shows how that would fit into the bigger picture.

At this point, unless the market crashes from here, a good chance a bounce should be coming with either count option.

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