Sunday, March 16, 2014


Last Thurs, as we were trying to figure out the near term picture, I posted that bigger picture I wanted to see the market pull back to the 50 day SMA.

So far that appears to be the case. It will be interesting what happens if and when it gets there. Note on the 60 min chart, either all five waves up are complete or waves i of 5 is complete.

Will wave ii complete near the 50 day SMA? Or again, have all five waves completed of the 13 wave extension?

5 Min

60 Min 

Daily Extended
Triple -ve divergence. Maybe 200 day target below?


Approaching the 50 day and lower BB.

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