Monday, August 9, 2010

8/9 10:20

Stock futures completed their 1st 5-wave up as part of wave c, the final abc of the diagonal triangle.  This will take 2-3 days to complete.  I bought DJ futures on the decline.  It successfully tested the 30-minute M/A:
I would not be suprised if prices re-tested as the time perspective is too short for the correction of this 5-wave.

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