Dec 1st, 2009: Mid-Day Update
Posted by pugsma on December 1, 2009
I’m surprised by the quick ramp up this AM. I’m going to focus the options down to just two right now:
- Primary (White/Green): P1 has topped at 1113. We are in wave ii of (3) of [A] of [P2]. Target for [A] is around 1060. Also matches up with a H&S target area.
- Alternate (Purple): P1 has not topped yet. We are in wave iii of (3) of [5] of P1. Target for [5] is around 1140.
It sure feels more like option 2 (Alternate) based on the price action late yesterday and today. But until 1113 is taken out, I stickinig with option 1.
15-min Chart:
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