The night session registered new year short term top at 1236,97 and probably marks 1st minor of (5)th Intermadiate. This Elliott wave count appears on one very short term only. The five wave structure looks completed and wave 2 minor is underway.
Medium term - the bulls control the situation and there is more room upwards for the price to go. After brief few days pullback the Santa rally will resume. The next price magnet and important Gann angle influence apears to be 1279 in the second half of January 2011, where the (5) intermediate will be completed.
Good luck trading!
2 comments:
Good morning my friend :)! Different count but similar idea in my blog :). Happy thursday :)!
Hello my friend. That's right, the pattern is more iportant than the count. After all, my wave count can be wrong, but the pattern cannot. Thanks for the note.
Post a Comment