Friday, December 30, 2011

Wave 2 or C?

The market corrected today and technically it could be seen as a W2 of the wave that started from 1249 or the beginning of the C wave to finish an ABC correction that started earlier this week. So the wave details are not all that clear. However, with today's close we should see the Golden Cross but the market has to follow through next week.

Have a Happy and safe New Year!

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