Sunday, April 08, 2007

Wave 4 and wave 5



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.

No comments: