Monday, May 10, 2010

5/10 10:10

Current wave count for DJI:
The moving average above is the 5-minute, 380-unit.  The market crossed it at 10,720.  Critical resistance will be broken at 10,860.  I will exit at that price, but the increased volatility would naturally increase the distance beyond the M/A that would indicate a critical break.  If broken I will reinstate at 10,900 with stop at 10,930.

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