Thursday, July 8, 2010

7/8 11:30

I'm using Nasdaq Comp to validate the wave count, since the current price is closest to the labelled Sub-Minuette1 high of 1762 futures and cash 1763.88.  If prices decline below cash 1760 then the current count is all wrong.  I don't think this will occur, but this is the fail-safe for the current bullish scenario.

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