Tuesday, May 11, 2010

WTI Update

click to enlarge
The current count may turn out to be a 1,2,-1-,-2-, and that would change very little for short term expectations... another leg up to complete the 2 ( or -2-) followed by a 3rd wave down. Obviously in this count rallies are a sale. See May 6th post long term targets....
WTI Overview
The -c- = -a- at 79.36, roughly the .382 retrace of the move down.
The -c- = .618 of -a- at 77.84.

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