Thursday, February 13, 2014

2/13/14 - EOD Update

The alternate count I presented intra day panned out as the market pulled back into the 50 day SMA and bounced hard from there.

We'll have to keep an eye on another alternative I did not post. It is very bullish and that would be the original count having wave 1 topped at yesterday's high and today's dip as a wave 2.

I still think there should be another test near the 50 or 20 day SMA but you know the market often times does not give you what you want.

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