Wednesday, October 21, 2009

Correction to WTI Wedge Failure Portends What?

My charts are down  and I'm using a substitute system that I'm not that familiar with. Sorry. The 50% retrace numbers quoted in the original post,  WTI Wedge Failure Portends What? were off, the correct %  are below.

So at this point WTI has to get damage done before it can be confirmed done to the upside. How about the 50% retrace point of the presumed 3 wave up from 68.88 at 74.64? A little nearer by under 77.60 the 50% of the last leg up from 74.79 would also add to the downside mo.

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