Wednesday, July 29, 2009

Current chart



It appears that we are still in process of tracing out a triangle, although, slightly different than what I mapped out yesterday. Wave C looks to have morphed into a more complex structure(WXY).


If my assessment of structure is correct, we should see a thrust upward on E's completion. It has a 21.50 handle measurement from high to low. This would target out around 995 (VERY IMPORTANT NUMBER) using the apex. We will have to see where E ends to get an exact target.

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