10/9/13 - AM Update

Slightly bigger view. Let's see if 3 or C launches into the close or beginning tomorrow.

15 Min - 12:50 PM

Ascending triangle? We'll see.

3 Min - 12:41 PM

Actually a wave iv triangle was printed. We'll see.

3 Min 11:45 AM

Some intra-day  things to consider. Possibly an ED up here. If it is an ED, what does it represent?

3 min - 11:43 AM

The next best thing to a wave iv triangle is a flat. The market has now created a larger degree five wave move up to form wave 1 or A. Coming up on one TL to backtest.

3 Min - 11:10 AM

15 Min - 11:10 AM

Wave iii or c may have hit it's target. If the bulls are building a larger degree five wave move up, wave iv cannot retrace below the purple line.

3 Min - 10:43 AM

targets for wave iii or c.

3 Min - 9:51 AM

A 3 min view. Five waves up off the day's low so far.

3 MIN - 9:30 AM

The triangle thrust target has been met. The wave structure appears to be wedging here so this could be a could end for wave {a} of (y). We'll see.

15 Min - 8:13 AM

10/8/13 - EOD Update

Looks like the bears put in some work today. They managed to break through the green TL (daily chart) and down the rising wedge. Triple -ve divergence may have the bears aiming for the blue TL (daily chart).

Following the purple option has worked out just fine so far. We'll see if wave {a} of (y) wrapped up into the close or it may target the triangle thrust target before we see a wave {b} bounce.

15 Min 

Daily

AM Update

Looking for a place to sell.

15 min - 12:28 PM

The first leg of the thrust out of the tri was a little bigger than anticipated. May be setting up for a bounce here though before another leg down towards the thrust target.

15 Min - 11:30 AM

The tri thrust target.

15 Min - 8:42 AM

The purple option playing out well. The green option is out.

15 Min - 7:51 AM

Some TLs below to watch.

60 Min - 7:51 AM

10/7/13 - EOD Update

The purple option is looking good. As tweeted earlier, wave {e} does not have to touch the upper TL so we'll see tomorrow if the bears can break below the wave {b} low.

The green option is out below the black horizontal line.

15 Min