Wednesday, September 30, 2009

WTI Continues Slow Mo Dead Cat


Looks like a series of abc, x's up from the 65.00 low . Below the channel support and  the next leg carries down to at least 61 as 3=1. Then again, if 3 = 1.618 of the 1 (more common),  it targets 56.58. The .382 retrace of 32.40 to 75 is at 58.73, the 50% retrace is 53.70.

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