The bear counts (black and red) on the 5 min chart remain legit.
Though it appears a triangle may be in the works (60 min chart), I find it a lil suspect, so if you are a bull here, tread carefully.
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Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
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Tuesday, November 5, 2013
11/5/13 - EOD Update
The struggle continues between the bulls and bears. I'm leaning towards the bull case for a break to the upside, however, I do so cautiously.
The bear counts (black and red) on the 5 min chart remain legit.
Though it appears a triangle may be in the works (60 min chart), I find it a lil suspect, so if you are a bull here, tread carefully.
The bear counts (black and red) on the 5 min chart remain legit.
Though it appears a triangle may be in the works (60 min chart), I find it a lil suspect, so if you are a bull here, tread carefully.