Friday, January 2, 2015

1/2/15 - AM Update

8:16 AM - Wedging? Gonna trade this on the long side. Stop out on a close below the 20 DMA.

8:16 AM - 5 Min 

7:32 AM - Added the red bearish count. Possible wave [iv was sharp to alternate with [ii. Or it is still developing. If so, we may see consolidation down here. Even if the red count is playing out, may still see a bounce first before heading lower.

7:32 AM - 5 Min 

7:27 AM - Time to buy this lil dip? 20 DMA stop.

7:27 AM - 5 Min 

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