July 27th, 2010: Update 2 – Morning
Posted by pugsma on July 27, 2010
10:20 pm EST: Wave 3-iii-(3) hit 1121. I’m favoring a wave 4-iii-(3) consolidation triangle here between 1105 and 1121, before 5-iii-(3) makes and attempt to cross 1121 and head towards 1131. Note, there was a 3-day consolidation traingle between 1110 and 1125 back in late Feb 2010 during the run up from 1040 to 1220. Also, note that there is a statistic out today that the DOW-30 has NEVER had 4 consecutive triple digit gains. And yesterday’s 3rd consecutive triple digit gain was quite rare.
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