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Tuesday, June 12, 2012

Elliott Wave Update ~ 12 June 2012

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ORIGINAL POST
Sorry for the late posts been busy getting the new house ready. I bought a small Cape Cod style house and it needs some paint, etc. I have access to it early so am getting some things done while its empty. Closing is on Friday and we move in!

Despite the e-mini futures selling off 45 points from a post -Spanish bailout high, it appears Minor 2 is not yet finished and that the pullback was merely a [b] wave of Minor 2. That is the primary count.

The daily. 50 DMA could use some loving. The main theory is that Minor 2 should die on the shores of the next major resistance band of which we'll call the middle of the band = 1360.



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