While this minor wave b (expanded) is getting higher and higher, the possibility that this is infact a wave b becomes smaller. I'm watching the resistance zone, if the daily bar closes above this and price doesn't plummet after doing so, i will change the count to the alternative. There are however many ways to count current price action. Trading on EW is dangerous now and i prefer to wait for times when there's more clairty.
Wednesday, January 19, 2011
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