Monday, March 10, 2014

3/10/14 - AM Update

[11:16 AM] What are the chances here for the red option? It is implying a triple nested 1-2 down. The McClellan oscillator (daily) is diverging, which would favor this count. We'll see.

[10:31 AM] We'll see if the bears can muster one more tag lower.

10:31 AM

[8:25 AM] So far a bounce on the purple TL. Tracking a larger falling wedge now. I think wave y needs one more leg down. We'll see.

8:25 AM

[7:31 AM] Remember last Friday I tweeted to watch out for the potential wave x? So far this seems to be the case.

7:31 AM

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