Thursday, May 27, 2010

5/27 12:30

I define critical resistance for my short-term trades as DJI 5-minute, 380-unit M/A +1.2%.  The current outer range of this M/A is 10,260.  Breaking this will further confirm wave 2 is in force.  A breakdown out of the current trading range will confirm wave A is done and B is in progress.  The count suggests 1 more move to complete wave A.

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