Monday, February 8, 2010

Monday 2/8/10 Market Update

A 1 minute chart is above. Wave (ii) of [iii] appears to have completed today. Prices moved lower after this final rally in what should be the beginning of wave i of (iii) of [iii]. If this decline is not the beginning of (iii), it is wave x of (ii). This is not all that likely since the decline is quite wide and a zigzag has already unfolded.

Two final charts are below.

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