
We have the beginning of wave 4:
1) 1450.50 high - we made an abc 3 wave pattern down into 1444.25 (wave A)
2) we made a double bottom off 1444.25, before moving up to make
3) double top off 1450.50 high (wave B)
4) Then we dropped back down to 1445.50 for Wave C
5) From the wave c low, you can count 5 waves up into 1459.00 high made on Good Friday after the report came out.
Sunday, April 08, 2007
Wave 4 and wave 5
Posted by
TraderZ
at
4/08/2007 11:05:00 AM
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