Monday, November 29, 2010

4 Pack

As 2 of the possibilities have been invalidated due to price going to a new low, there are 4 possibilities left on the table. The upper left is the least bearish and the bottom right is the most bearish. Note that the chart is the same from nov 26th without updated price. Since then there was a little corrective bounce ( a little bit bigger if you consider sundays early price action ) to complete the wave b, 2 or ii.

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