Tuesday, February 2, 2010

SP Gift

Keeping it simple;
 
click to enlarge
There are a couple variations on the exact structure of -4- and -5- that effect the bounce BUT....

the larger context is we are seeing an impulse wave DOWN after all that chop and low volume on the upside.
So whether the bounce is exhausted at 1097 or 1117,  this is it... next a 3 wave down. Mom if you are reading this please go to all cash.

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