Wednesday, May 25, 2011

The Market Pulse

Announcement:

I neglected to inform readers in Monday's post that the ending diagonal interpretation was eliminated due to the fact that to many rules and guidelines were violated as the pattern progressed.




Tonight's post will be short as much of the larger wave pattern remains unresolved. Sticking with the near term wave structure, we have six completed waves if w.(b) ? has ended. That leaves one more decline to complete a double zig-zag that began at 1367.25. My target for the termination of the structure remains where w.z = w.w at 1294.25. Only a loss of 1324.5 would cause concern.

Best of Trading




 

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