A similar count, though not as plain, exists in DJI cash. The critical M/A is at 12,553, plus a 1.35% envelope, breaks at 12,725.
Thursday, May 19, 2011
5/19 Daily Commentary
5 up since Tuesday's low going into triangle for SP and DJ futures.
I'm assuming a 3-wave up from here.
A similar count, though not as plain, exists in DJI cash. The critical M/A is at 12,553, plus a 1.35% envelope, breaks at 12,725.
DJ futures declining below 12,538 will alter this count. Still waiting on silver to rally back to $39 and commodities in general to drag stocks back up.
A similar count, though not as plain, exists in DJI cash. The critical M/A is at 12,553, plus a 1.35% envelope, breaks at 12,725.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment