We shall see if this completes the move or if we should expect to see a protracted move.
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The bulls wiped out the shorter term -ve divergence but the larger one still looms at 24.
Thursday, August 16, 2012
8/16/12 - EOD Update
I was keeping an eye on that triangle which played out today. It looks like like a pretty clean five wave thrust out and reversed at the top of the TL.
We shall see if this completes the move or if we should expect to see a protracted move.
The bulls wiped out the shorter term -ve divergence but the larger one still looms at 24.
We shall see if this completes the move or if we should expect to see a protracted move.
The bulls wiped out the shorter term -ve divergence but the larger one still looms at 24.