6/3/13 - EOD Update

The bears may be hard up for a series of 1-2s down (red count) but they may not like this (black) count. The bottom line is that one must be prepared for this scenario.

If the nested 1-2 down is the right count, the market should be flushing hard lower this week and it will be obvious. If not, the completed A-B-C may just be that.

15 Min - 4:47 PM Update

What can I say, the plan worked out perfectly today. Now lets see what the bears do tomorrow.

5 min