Tuesday, November 26, 2013

11/26/13 - EOD Update

Intraday I tweeted out the wedging and ED developing for wave (v) of 5.
That played out nicely.

Bears still have some work cut out for themselves but per my extension count (daily) below, bulls may have to pay a little more attention for the market's potential to correct a lil more then what they may be expecting.


5 Min - Zoomed


5 Min 



Daily

11/26/13 - AM Update

Good call Waveprinciple!

5 Min - 12:50 PM


A close up on the 5 min. Could be wrapping up here. Wave 5 of (v) appears to be an ED itself with the overall structure looking like a rising wedge.

5 Min 12:24 PM


Not quite an ED but certainly has a wedge pattern. It does appear that wave (v) is working it's way up.

5 Min - 11:05 AM

Monday, November 25, 2013

11/25/13 - EOD Update

5 Min 
 (v) of (5) of the 13th wave extension complete or very close?

Daily
 If the 5 min chart above has all five waves in, the 13 wave count on the daily above may be complete.

Daily
Triple -ve divergence.

11/25/13 - AM Update

so far looks like a flat for wave (iv).

5 Min - 12:28 PM


Just a lil over 1806. We'll see if (iii) is complete.

5 Min - 6:55 AM