Wednesday, September 24, 2014

9/24/14 - AM Update

[12:13 PM] - So who do you believe? The bears or the bulls? Since 9/15 we now have five waves up and five waves down.

Earlier in the week I mentioned that a shorting op was coming up after the five wave move down completed. Is that time here yet? Of is a larger right shoulder needed first? Will the bears defend the 20 day or will the bulls retake it?

What I do know is that the market is still range bound  since 8/21.

12:13 PM - 5 Min 

[10:46 AM] - So far five waves up. The alternate being that wave {b completed since I think wave [iv may be a lil too disproportionate. We'll see.

10:46 AM - 1 min 

[9:17 AM] - Four waves up.

9"17 AM - 1 Min 

[9:03 AM] - A 1 min view. Looks like five waves up but is it a wave {c or {a?

9:03 AM - 1 min

[8:37 AM] - There's the bounce.

8:37 AM - 5 Min 

[8:01 AM] - We'll see if the bulls step in here. A good place to bounce here.

5 Min 

60 Min 

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