Monday, October 13, 2014

10/13/14 - EOD Update

[10:09 PM] - Just wanted to post the long term weekly chart for perspective and to point out the correction on the degree for wave (3) and (4) vs the previous degree labeling of [3] and [4].



[EOD Update] - Looks like the bears are gaining some respect here. Last Thurs, I posted that if the 10/8 low was taken out, the red count would become the preferred.

That occurred so here is the update 5 min chart.

5 Min 

On the daily, we will have to assume that a funky looking ED completed for wave [3] and that wave [4] is now underway. 1850 looks to be the next level of support. We'll see if wave {iii red or wave {c blue terminates here.


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