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Tuesday, November 3, 2009

Mental brainiac tease

Wasn't today a bummer! I'll keep tonight's post very brief (really don't have much to say)

I don't have much perspective after today, the whole trading session was very messy, apart from the 1 min charts where some structures were very clear.

At this point, this is my best guess, a leading diagonal of the correction... either (a) of minute 2 is complete or this is only subwave 1 of (a).

Let's wait for a better view and then use it to our advantage.

This all feels very "wedgie" so we may undercut the bottom support, which is common on leading diagonals and continue up north our way into 1060's. Have a good night everyone...

Cheers everyone
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