Wednesday, July 30, 2014

7/30/14 - AM Update

[10:46 AM] - A possible wave to count five waves down for a wave c vs the ED.

10:46 AM

[8:35 AM] -  A good chance this could just be a simple a-b-c corrective. Watching to see if wave c turns into a falling wedge/ED.

However, the bears have a shot at a much larger third wave down that is winding up with some nested 1-2s targeting 1950. I won't give it as much weight though unless the lower trend line fails.

8:35 AM

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