Blog Archive

Thursday, September 13, 2012

Thursday


I have a feeling we will continue to trade in this range established over the past few days.  I have placed a yellow oval at my target price.  From there I expect one last rally to symmetrically fill this blue fork.
That would also create the last of 5 waves required for an Elliott Wave pattern; complete with alternating 2/4 patterns.

That's a lot of supposition  but if we see it develop, then the odds would favor a severe reversal off that top.

No change in the fork, but we are still trading above the handle


No comments:

Post a Comment

Today's Feature

PALESTINE ON THE WORLD'S ANCIENT MAPS

The Palestine which "never existed" appeared on ancient maps, in atlases, encyclopedias and bibles worldwide.

Posted by The International Palestine Network - Gaza on Sunday, February 21, 2016