Wednesday, June 24, 2009

Tuesday 6/23/09-Wednesday 6/24/09 1m Intraday Chart

The market is impulsing today and is looking more bullish than bearish; the (c) or (iii) wave is more extended than the (a) or (i) wave (about 2 times as long). The count shown looks more as if [c] bottomed but the market could still go either way.

We moved through the 50% retracement level of the [i] or [c] wave.

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