Tuesday, August 3, 2010
8/3 11:00
If the stock market has found it's low at the 30-minute M/A then this correction was a smaller-degree wave 4 and the Minute3 will have a wave 5 leg. This would make Minute1 and Minute3 roughly equal in length or Minute3 slightly longer. Otherwise the market has more to correct, unless this is the first move of a rectangle in which case we will have opportunity once it unfolds.
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