Thursday, March 13, 2014

3/13/14 - AM Update

[10:47 AM] We'll see if the bulls can save this. Wave c of y = a and at 78% retracement now.

10:47 AM

[9:30 AM] - Watching for a potential double bottom. My green y is in play here. I still can't count an impulse wave down off the 3/7 high.

Of course we can't discount the triple -ve divergence playing out either on the daily. So we'll keep in mind the 50 day SMA below as previously posted.

9:30 AM

[8:44 AM] - Lets see how high it bounces.

8:44 AM

[8:31 AM] - As I tweeted earlier, one more little LL and bears make five waves.

8:31 AM

[7:00 AM] The market rose as expected. Wave iii is just about 1.618* i. It is now coming up on some trend lines and MACD (hourly) about to issue a buy signal.

7:00 AM

7:00 AM

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