12/5/11 - Pre Market [5:36 AM Update]

[5:36 AM Update]

Option 1

I added the flat sub-option for option 1 above so let's watch for this as well.

Pre Market

ES

I love it when a plan comes together. Last Fri I had my suspicions on the pullback. See my comment at 2:43 and see my chart at 2:55 in our live chat room  


To remain consistent with my weekend blog post this could still be corrective wave b bounce for option2, however, given the daily macd buy signal and the fact that now there are 11 waves up of what is definitely an impulsive looking wave, we must consider 13 waves up may be in store.


Option 2 is out if a new high is made over 1260.08.

This is what the 13 waves would look like.